// McColl’s blames poor summer weather & Brexit uncertainty for a fall in third quarter sales
// Like-for-like sales down 2.2%; total sales dropped 3.6%
// For the year to date, like-for-like sales down 0.1% and total sales down 1.2%
McColl’s has blamed poor summer weather and uncertainty around Brexit for a fall in sales in its third quarter, but said its full-year results will still be in line with expectations.
For the 13-week period ending August 25, the convenience retailer saw like-for-like sales fall by 2.2 per cent while total sales dropped by 3.6 per cent.
This means that for the year to date, like-for-like sales are down 0.1 per cent and down 1.2 per cent on a total basis, when stores closed during the year are taken into account.
Despite this, McColl’s said it has made further progress on 2019 strategic priorities around stabilising the business and operational execution, and expects results for the full-year to be in line with expectations.
“This has been a highly unseasonable summer for the retail sector and our sales performance reflects both this and the ongoing macro-economic uncertainty,” McColl’s chief executive Jonathan Miller said.
“The fundamentals of the convenience channel are strong and our focus remains on good retail execution whilst maintaining strong capital discipline.
“We continue to make operational progress and we anticipate results in line with expectations for the full year.”