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Majestic Wine swings into the red

Majestic Wine swings into the red

These numbers from Majestic Wine (WINE) suggest there’s some way to go before the Aim-listed retailer puts last year’s profit warning behind it. But there are signs of progress. Active customer numbers (repeat Majestic customers and Naked Wines subscribers) rose 12 per cent; nearly a fifth of sales are now derived from international markets; and Naked Wines now generates more than 70 per cent of forecast profit growth. But the company still registered an overall pre-tax loss of £1.5m last year as a result of acquisition and restructuring-linked charges following the Naked Wines deal.

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