Majestic Wines has said it is confident its recovery plan is working despite reporting a full-year loss.
The retailer, with outlets in Dundee and Perth, is seeking to expand sales, increase customer loyalty and restructure its under-performing commercial arm.
Majestic blamed its £1.5m pre-tax loss on the acquisition of Naked Wines, one-off costs and weaker sterling.
Revenue rose 11.4% over the year to £461m, with like-for-like sales at Majestic warehouses up 5.7%.
Its retail outlets have now posted eight consecutive quarters of rising sales.
Naked Wine, acquired in 2015, showed a strong performance in the US, which accounted for 28% of its sales growth.