Today’s update highlights that whilst 2017 was a year of significant strategic progress, the turnaround is taking longer than expected. Investors should take plenty of encouragement from the LFL metrics from the invested estate, but there remain a significant tail in the business which is underperforming. Management has a clear plan to address this part of the business in FY18 but for FY17 the financial performance has not lived up to expectations, with LFL sales of -0.5% vs our +2%. Accordingly ....
22 Jan 2018
2017 falls short of expectations but turnaround green-shoots in evidence
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2017 falls short of expectations but turnaround green-shoots in evidence
Goals Soccer Centres (GOAL:LON) | 0 0 (-0.7%) | Mkt Cap: 54.5m
- Published:
22 Jan 2018 -
Author:
Sahill Shan -
Pages:
4
Today’s update highlights that whilst 2017 was a year of significant strategic progress, the turnaround is taking longer than expected. Investors should take plenty of encouragement from the LFL metrics from the invested estate, but there remain a significant tail in the business which is underperforming. Management has a clear plan to address this part of the business in FY18 but for FY17 the financial performance has not lived up to expectations, with LFL sales of -0.5% vs our +2%. Accordingly ....