McColls Retail has warned that between a soft Easter and continuing availability challenges, trading has been below expectations since the beginning of March (i.e. Q2 FY22). The Morrisons Daily format is still performing strongly, and being rolled out to plan, but the group is guiding to EBITDA no higher than FY21 (£20m pre-IFRS16). Financing discussions are ongoing but "even if such a successful outcome is achieved it is increasingly likely to result in little or no value being attributed to th ....
25 Apr 2022
Soft demand and availability issues
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Soft demand and availability issues
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
- Published:
25 Apr 2022 -
Author:
Matthew McEachran -
Pages:
3
McColls Retail has warned that between a soft Easter and continuing availability challenges, trading has been below expectations since the beginning of March (i.e. Q2 FY22). The Morrisons Daily format is still performing strongly, and being rolled out to plan, but the group is guiding to EBITDA no higher than FY21 (£20m pre-IFRS16). Financing discussions are ongoing but "even if such a successful outcome is achieved it is increasingly likely to result in little or no value being attributed to th ....