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Majestic Wine fiscal H1 profit falls YOY

Majestic Wine PLC said its normalized net income for the fiscal first half ended Sept. 29 amounted to 8 Great British pence per share, a decline of 11.4% from 9 pence per share in the year-earlier period.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was £5.3 million, a decline of 11.0% from £6.0 million in the year-earlier period.

Total revenue grew year over year to £133.8 million from £130.2 million, and total operating expenses climbed on an annual basis to £125.2 million from £120.6 million.

Reported net income fell 11.4% from the prior-year period to £6.4 million, or 10 pence per share, from £7.2 million, or 11 pence per share.