Any one know why the share price for MJW has fallen off a cliff? They had a good year to March 2004 and prelim results are coming out soon. Don't tell me we are all so upset by Iraq that we've all stopped buying booze.

StockMarketWire.com
Majestic Wine's FY pretax profit has slipped to £18.4m, from £23.8m. Revenue was £284.5m, from £278.2m. Cost of sales was higher, and gross profit margin was lower. Distribution and administrative costs slipped lower.

There was no dividend.

CEO Rowan Gormley said:
"Whilst my review of the business is ongoing it is obvious that we need to make investments to reinvigorate Majestic Wine. These investments will initially suppress profit in the short term but I am confident we can rebuild momentum in this excellent business.

"At the same time we aim to maintain the international growth trajectory of Naked Wine and crystallise the benefits of having the two businesses in the same Group. I am confident that we will create significant value for our shareholders over the medium term."

StockMarketWire.com
Majestic Wine has launched Naked Wines' Click & Collect service offering across the UK, enabling its 150,000 'Angel' customers the option of collecting their wine free of charge from their local Majestic store.

Following the acquisition of Naked Wines in April 2015 and in line with the strategy to share the complementary strengths of both businesses, Majestic Wine has been trialling Click and Collect in 22 stores across the UK for Naked Wines' customers.

To-date over 2,900 orders have been placed using the Click & Collect service. As a result of the success of this trial and positive feedback that has been received, the service will now be rolled out across the country to all 213 Majestic Wine stores.

For no extra charge, Naked Wines' customers can now choose to collect their delivery from any of Majestic's stores, which will hold Naked Wines' customers wine for up to five days. Alternatively, customers can still opt for home delivery, and in either case can select their preferred delivery day.

Naked Wines' stock will remain separate from Majestic's, so wines that have been crowd funded by Naked Wines "Angels" will still be exclusively available to them.

StockMarketWire.com
Majestic Wine is implementing a new pricing strategy throughout its store network and online, including removal of the six bottle minimum purchase rule.

This new pricing proposition has been created with the aim of making the shopping experience simpler and easier for both new and existing customers.

The decision to also remove the six bottle minimum purchase rule follows the previously announced successful trial in selected Majestic stores since Spring 2015 proving popular with both new and existing customers.

In addition, for this Christmas, if customers mix any six wines and spirits, they get:

· At least 10% off and up to 33% off all wines and spirits

· Money Back Guarantee - a full refund, without delay or debate, if you're not satisfied with any product

· Free delivery and free glass hire.

Interims http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/12582493.html

Stan

You're not drinking Wine now are you, you big northern jessie

he's stopped and hence the further slump
hadn't you noticed that yate's wine lodges have almost disappeared?

About 70 bars left these days https://en.wikipedia.org/wiki/Yates%27s

Canaccord Genuity today reaffirms its hold investment rating on Majestic Wine PLC (LON:MJW) and set its price target at 310p.

StockMarketWire.com
Majestic Wine said it delivered about 30% of total sales during the period Oct. 27, 2015, to Jan. 4, 2016. Total sales growth was 42.6% compared to the same period last year, boosted by the acquisition of Naked Wines.

On a pro forma basis1 over the Period Group sales were up 12.2% (based on constant foreign exchange rates, excluding movement in en primeur sales). Further detail is provided in the table below.

Majestic Retail like for like sales grew 7.3% in the Period (versus decline of 1.7% in comparator period), supported by the previously indicated strategic investments to reinvigorate sales growth with a new and simplified pricing policy and improved customer experience in store and on-line.

As expected these investments resulted in higher costs and a slightly lower percentage gross margin during the period.

CEO Rowan Gormley commented:

"This is an encouraging result. Majestic Commercial and Naked Wines continued to grow strongly, and I am particularly heartened to see the Majestic Retail business grow as the impact of our better pricing, better service and better looking stores starts to take effect.

"However there is still much to do. We are only three months into our three year plan and although this performance is pleasing it is too early to call it a trend.

"We remain focused on our values of looking after our brilliant teams and suppliers and thank them for their support during the initial steps of transforming Majestic into a truly fantastic business."

Liberum Capital today reaffirms its buy investment rating on Majestic Wine PLC (LON:MJW) and raised its price target to 500p (from 400p).

StockMarketWire.com
Majestic Wine said that Naked Wines, the online crowd-funding platform, has successfully hit a key milestone of a record GBP100m in sales since March 31, 2015, the start of the current financial year.

The company's drive to provide its 'angel' customers with exclusive direct access to independent winemakers through divisions in the UK, USA and Australia has resulted in over 300,000 'mature' angels - who have been customers for over four months - supporting more than 100 independent winemakers in 14 countries.

Reaching this key target highlights the continued success that Naked Wines has demonstrated since its launch in 2008 by focusing on its online social distribution model to deliver service, quality and authenticity to customers passionate about wine.

Naked Wines' customers get access to exclusive deals whilst ensuring that winemakers get the investment, support and feedback to grow and improve their businesses and wines.

Achieving GBP100m sales is in line with market expectations for Naked Wines for the financial year ending 28 March 2016.

Peel Hunt today initiates coverage of Majestic Wine PLC (LON:WINE) with a buy investment rating and price target of 540p.

StockMarketWire.com
Majestic Wine (WINE) reported a boost in like-for-like sales, driven by strong growth in the US.

However, pre-tax profit plummeted nearly 75% year-over-year to £4.7 million, which the company blamed trading conditions remaining tough in the UK, which is expected to remain that way.

Group Chief Executive Rowan Gormley said: "We have taken the first step on a long journey - it was a good start but it is just the first step. "Early signs are that the plan is starting to work. Strong sales figures reflect the hard work being done on the ground by the whole team. "The management re-organisation is now complete, I am delighted with the teams we have in place across the group.

"At Naked Wines we had a belter of a year - breaking through the £100m sales barrier and delivering a maiden profit. "We still have lots to do and although we are on course to deliver our three year plan, it won't be without challenges.

"Our plan however remains unchanged, as does our goal - £500m sales by 2019."

Liberum Capital today reaffirms its buy investment rating on Majestic Wine PLC (LON:WINE) and raised its price target to 510p (from 500p).