In a challenging food retail environment, McColl’s has delivered solid H1 results and reiterated guidance for the year. What strikes us as most impressive in these results is, yet again, the company’s strong focus on cost control. Administrative costs are well under control despite a significant store conversion programme, coupled with the acquisition of new stores and added services. We believe the long-standing management has a good growth strategy in place, and with more of the
30 Jul 2015
Disciplined control of costs
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Disciplined control of costs
McColl's Retail Group Plc (MCLS:LON) | 0 0 0.0% | Mkt Cap: 2.59m
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30 Jul 2015 - Author:
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In a challenging food retail environment, McColl’s has delivered solid H1 results and reiterated guidance for the year. What strikes us as most impressive in these results is, yet again, the company’s strong focus on cost control. Administrative costs are well under control despite a significant store conversion programme, coupled with the acquisition of new stores and added services. We believe the long-standing management has a good growth strategy in place, and with more of the