Majestic Wine PLC announced trading update for the 10-week period ended 31 December 2018. The company reported an increase in both Group sales and gross margin. Group sales growth accelerated to 6.8% (6.3% on an underlying basis) compared to the same period last year (3.2% and 4.1% underlying), and the group trading gross margin increased by 0.4%, led by strong performance in Naked Wines together with a solid performance from Majestic Retail despite the challenging market backdrop. The Group delivers c.30% of total annual sales during the Christmas trading period.