StockMarketWire.com - Wine retailer Majestic Wine said it boosted sales and margins during the Christmas trading period compared to a year earlier.

Sales for the 10 weeks through December rose 6.8% on-year, while gross margins increased by 0.4%, the company said.

Majestic Wines said the growth was delivered despite 'the challenging market backdrop'.

The company generates around 30% of its annual sales during the Christmas trading period.

'As we said in November, consumer behaviour is changing and we're seeing a revolution in retail,' chief executive Rowan Gormley said.

'We think there will be winners and losers, and we believe we have what it takes to be one of the winners.'

'We are uniquely placed, with the people, data and skills in place to succeed despite the headwinds we are seeing.'

'While trading has been challenging over the Christmas period, the trends we reported in November are the same -- namely strong growth in our overseas markets and our digital propositions but headwinds for our UK Retail stores.'

'We look forward to setting out more of our future plans for the group, including the retail business with our full year results in June.'




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