Majestic Wine (WINE.L) 250p �180m
Majestic Wine announced its scheduled Christmas trading update for the 10-week period ending 31 Dec 2018, reporting an increase in both Group sales and gross margin. Group sales growth accelerated to 6.8% (6.3% on an underlying basis) compared to the same period last year (3.2% and 4.1% underlying), and the group trading gross margin increased by 0.4%, led by strong performance in Naked Wines together with a solid performance from Majestic Retail despite the challenging market backdrop. The Group delivers c.30% of total annual sales during the Christmas trading period.
FY Mar19E Rev �506.75m and PBT �9.74m.