McColl's Retail Group (MCLS)

Sector:

Food Pharmacy Retail

Index:

FTSE Fledgling

38.90p
   
  • Change Today:
    -0.100p
  • 52 Week High: 70.00
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 115.19m
  • Volume: 360,547
  • Market Cap: £44.81m

McColl's maintains full-year guidance despite posting softer Q3 revenues

By Iain Gilbert

Date: Thursday 29 Aug 2019

LONDON (ShareCast) - (Sharecast News) - Convenience retailer McColl's Retail Group expects its full-year results to be in line with expectations despite seeing both third-quarter and year-to-date revenues slip year-on-year.
McColl's saw like-for-like sales in its third quarter drop 2.2% and total revenues fall 3.6% as a result of the "challenging retail trading environment" and poorer weather in the UK.

On a year-to-date basis, like-for-like sales and total revenues were down by 0.1% and 1.2%, respectively, on the back of a reduction in the group's store base as it continued to reshape and optimise its estate.

Despite the decline, chief executive Jonathan Miller said the group still anticipated the group's full-year results would be in line with expectations.

McColl's also stated it had made further progress on its 2019 strategic priorities of stabilising both the business and its operational execution.

Miller said: "As we outlined in our interim results, this has been a highly unseasonable summer for the retail sector and our sales performance reflects both this and the ongoing macro-economic uncertainty.

"The fundamentals of the convenience channel are strong and our focus remains on good retail execution whilst maintaining strong capital discipline."

As of 1335 BST, McColl's shares were down 1.86% at 47.50p.

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MCLS Market Data

Currency UK Pounds
Share Price 38.90p
Change Today -0.100p
% Change -0.26 %
52 Week High 70.00
52 Week Low 15.50
Volume 360,547
Shares Issued 115.19m
Market Cap £44.81m

MCLS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average96.16% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Price Trend
65.31% below the market average65.31% below the market average65.31% below the market average65.31% below the market average65.31% below the market average
84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average84.62% below the sector average
Income
44.68% above the market average44.68% above the market average44.68% above the market average44.68% above the market average44.68% above the market average
27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average27.27% above the sector average
Growth
81.98% above the market average81.98% above the market average81.98% above the market average81.98% above the market average81.98% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average

What The Brokers Say

Strong Buy 1
Buy 0
Neutral 0
Sell 0
Strong Sell 0
Total 1
strong_buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MCLS Dividends

  Latest Previous
  Interim Final
Ex-Div 08-Aug-19 25-Apr-19
Paid 06-Sep-19 06-Jun-19
Amount 1.30p 0.60p

Trades for 10-Jul-2020

Time Volume / Share Price
16:29 9 @ 38.50p
16:29 428 @ 38.50p
16:28 279 @ 38.50p
16:21 1,254 @ 39.04p
16:20 546 @ 38.10p

MCLS Key Personnel

CEO Jonathan Miller
CFO Giles David

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