The Q3 results were in line with our estimates but below consensus (due to retail business). The biggest investor worry is softer growth in transaction volume and apprehensions about Morrison’s Christmas performance. Although we continue to believe in management’s capability, it looks as if there will be a tough fight ahead in the forthcoming holiday season, as the competitors are also well-equipped and will not leave any stone unturned to grab the biggest pie. We have tweaked our
06 Nov 2018
Q3 below consensus; apprehensions over retail growth slowdown
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Q3 below consensus; apprehensions over retail growth slowdown
- Published:
06 Nov 2018 -
Author:
Nishant Choudhary -
Pages:
3
The Q3 results were in line with our estimates but below consensus (due to retail business). The biggest investor worry is softer growth in transaction volume and apprehensions about Morrison’s Christmas performance. Although we continue to believe in management’s capability, it looks as if there will be a tough fight ahead in the forthcoming holiday season, as the competitors are also well-equipped and will not leave any stone unturned to grab the biggest pie. We have tweaked our