McColl's Retail Group (MCLS)

Sector:

Food Pharmacy Retail

Index:

FTSE Fledgling

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

McColl's FY earnings to miss expectations after 'softer' H2

By Michele Maatouk

Date: Tuesday 10 Dec 2019

LONDON (ShareCast) - (Sharecast News) - McColl's Retail Group warned on Tuesday that adjusted earnings for the year would be "marginally" below expectations as the second half was hit by unseasonable weather and weaker consumer confidence.
In an update for the year to 24 November, the convenience store chain said total revenue fell 1.9%, reflecting store divestments, while like-for-like sales were flat versus a 1.4% drop the year before.

Adjusted earnings before interest, tax, depreciation and amortisation for 2019 were set to come in at £32m, below expectations due to "softer" market conditions in the second half.

Chief executive Jonathan Miller said: "While 2019 has been another challenging year for the business, we have made good progress against our goals of operational stability and good retail execution. We are also pleased to confirm that we have continued to reduce net debt, with further progress anticipated due to our ongoing capital discipline.

"The fundamentals of the convenience channel are strong and we remain a resilient, profitable and cash generative business. We are confident in our plans to rebuild momentum in 2020 and look forward to providing a fuller strategy update at our preliminary results in February."

At 1120 GMT, the shares were down 3.5% at 39.90p.

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MCLS Market Data

Currency UK Pounds
Share Price 27.60p
Change Today 0.50p
% Change 1.85 %
52 Week High 87.40p
52 Week Low 15.50p
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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