McColl's Retail Group (MCLS)

Sector:

Food Pharmacy Retail

Index:

FTSE Fledgling

27.60p
   
  • Change Today:
      0.50p
  • 52 Week High: 87.40
  • 52 Week Low: 15.50
  • Currency: UK Pounds
  • Shares Issued: 115.19m
  • Volume: 298,225
  • Market Cap: £31.79m

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 27.60p
Change Today 0.50p
% Change 1.85 %
52 Week High 87.40
52 Week Low 15.50
Volume 298,225
Shares Issued 115.19m
Market Cap £31.79m

MCLS Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.87% above the market average82.87% above the market average82.87% above the market average82.87% above the market average82.87% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
76.88% below the market average76.88% below the market average76.88% below the market average76.88% below the market average76.88% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income
52.72% above the market average52.72% above the market average52.72% above the market average52.72% above the market average52.72% 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
Growth
80.78% above the market average80.78% above the market average80.78% above the market average80.78% above the market average80.78% 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 2
Buy 0
Neutral 1
Sell 0
Strong Sell 0
Total 3
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 03-Apr-2020

Time Volume / Share Price
16:45 370 @ 27.60p
16:11 3,000 @ 29.05p
16:10 671 @ 29.05p
16:06 5,240 @ 27.60p
16:06 4 @ 27.60p

MCLS Key Personnel

CEO Jonathan Miller
CFO Robbie Bell

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