Despite a positive start to Q3, and a raft of self-help and growth initiatives, footfall and LFL sales have slumped since Xmas i.e. the important winter trading period. Compared to single-digit positive LFL growth, sales in core Flooring categories have since dipped to -7.1% in the last 3-4 weeks. While some of this might be weather related, the working assumption is the trend could persist through the remainder of the half. Given the impact of operational gearing, guidance is £2-6m FY18 PBT, a ....
19 Jan 2018
Post Xmas slump hits profits, but capacity likely to exit market
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Post Xmas slump hits profits, but capacity likely to exit market
Davide Campari-Milano N.V. (0ROY:LON) | 0 0 0.0%
- Published:
19 Jan 2018 -
Author:
Matthew McEachran -
Pages:
3
Despite a positive start to Q3, and a raft of self-help and growth initiatives, footfall and LFL sales have slumped since Xmas i.e. the important winter trading period. Compared to single-digit positive LFL growth, sales in core Flooring categories have since dipped to -7.1% in the last 3-4 weeks. While some of this might be weather related, the working assumption is the trend could persist through the remainder of the half. Given the impact of operational gearing, guidance is £2-6m FY18 PBT, a ....