Majestic Wine says in a Christmas sales statement that underlying sales grew by 6.8% in the ten weeks to December 31. It says the period was “more challenging than expected” for its retail operations, where sales increased by 1.5%. Gross profit margins at its retail operations were 1.2 percentage points lower in a “very price promotional market”. However, the group expects to report full-year adjusted pre-tax profits “broadly in line” with current market consensus forecasts.
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