Weak start following P&H related issues brings consensus PBT forecasts for 2018 down. Plan to upscale food and benefit from links with Wm Morrison remains the same. The Morrison deal appears to give MCLS the ability to de-risk this period of rapid expansion through widening the bought-in gross margin to finance investment in price and waste required to drive the format forwards.
19 Feb 2018
Weak start to 2018, plans unchanged
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Weak start to 2018, plans unchanged
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
- Published:
19 Feb 2018 -
Author:
Tony Shiret -
Pages:
4
Weak start following P&H related issues brings consensus PBT forecasts for 2018 down. Plan to upscale food and benefit from links with Wm Morrison remains the same. The Morrison deal appears to give MCLS the ability to de-risk this period of rapid expansion through widening the bought-in gross margin to finance investment in price and waste required to drive the format forwards.