Majestic revenues top £400m


Majestic revenues top £400m

Majestic Wine PLC has reported group revenues of £402 million for the year to 28th March which includes the sales from its Naked Wines acquisition. Whilst overall sales had grown by 41.3 per cent, pre-tax profits fell by £14 million from the previous year due to acquisition costs. Naked Wines sales were up by 27.3 per cent at £104.3 million with the US market performing particularly well.

Group CEO Rowan Gormley commented “We have taken the first step on a long journey – it was a good start but it is just the first step. Early signs are that the plan is starting to work. Strong sales figures reflect the hard work being done on the ground by the whole team.” Adding, “Our plan remains unchanged, as does our goal – £500m sales by 2019.”

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