The embattled c-store chain McColl’s has blamed falling sales and profits in the 2021 financial year on the ongoing coronavirus pandemic and supply chain issues.
In a trading update for the 52 weeks to November 28, 2021, McColl’s said it expected adjusted EBITDA to be between £20m and £22m while total full-year revenue fell 11.2% to £1.11bn.
The c-store retailer put the decline in revenues down to “supply chain disruption in the second half” of the period and the conclusion of its “store optimisation programme”.
Please sign in now if you have a subscription or are already registered with us.
Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.
Register today for a taste of our high-quality intelligence and enjoy:
During December, registered users can access 24 free articles in our advent calendar - find it here or on the homepage.
Discover Retail Week register now
Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.