McColl’s blames profit warning on low consumer confidence

McColls 2

McColl’s has issued a profit warning for the year, blaming “softer market conditions” in the second half of the year on unseasonable weather and low consumer confidence.

The grocer said that adjusted EBITDA was expected to be £32m, “marginally below expectations” for the 52-week period ending November 24, 2019.

In its full-year trading update, McColl’s reported that like for like sales were level on the year, and that total sales were down 1.9% for the full year, which it said reflected “store divestments”.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading 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:

  • Two free article views per calendar month on
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

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.