Updates

Majestic Wine - 8% increase in transactions

August 2012

Investing in shares may lose you all or some of your money. Past performance is no indication of future performance. Some of the shares recommended here may be small company shares, which can be relatively illiquid and hard to trade and this makes such shares more risky than other investments.

Wine warehouse retailer Majestic Wine has continued to impress in tough times on the high street with final results for the year to 2 April showing a 14.5% rise in pretax profit to £23.2m. Eps rose almost 16% to 26.1p.Majestic's focus on value for money, easy on-site parking, a new minimum purchase order of 6 bottles and excellent product depth, ranging from old world clarets and burgundys to new world wines led to an 11% increase in customers who have purchased in the past 12 months to 568,000. This, alongside an 8% increase in transactions to 2.2m and a £2 increase in spend per transaction to £128, meant like-for-like sales rose 2.6%. Majestic also cranked up its expansion with a record 16 new store opening ...

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