BRITISH booze retailer
Majestic's board also warned that the company does not expect to see further substantial profit growth until 2016.
"The retail environment in which we operate has been challenging and we saw a marginal decline in
Total revenues climbed 1.4 per cent to £278m, with Majestic's market share rising by 0.1 per cent to 4.2 per cent.
Sales of Rose from Provence rocketed by 84 per cent, while Malbec from
"Majestic made good operational progress in the last year and despite the difficult trading environment delivered a solid performance," said chief executive
"2015 will be a year of increased investment for Majestic to ensure that we have the right infrastructure to maximise on our long term opportunities for future growth," he added.
ANALYST VIEWS By
NEIL SAUNDERS CONLUMINO The plans to invest in technology and logistics should help ease this number up over the next few years, but given the competition in the online market Majestic will need to be nimble to take advantage. Overall, we remain confident that Majestic can continue to hold its own in a competitive market.
SANJAY VIDYARTHI LIBERUM Full-year 2014 results were in line with lowered guidance issued on
There is a strong underlying business here that is fixable. But at this valuation, we need to see signs of meaningful recovery before turning more positive.
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