McColl's like-for-like sales decline 2.7% following P&H collapse

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McColl’s annual like-for-like sales have declined by 2.7% following the collapse of Palmer & Harvey in November.

The decline was revealed in the chain’s results for the 26 weeks ending 27 May, where year-on-year revenue in the same period grew 19.2% to £601.7m.

These results come as McColl’s is to transition supply of 1,300 stores to Morrisons in August, while a separate contract between 300 other stores and Nisa is to cease in 2020.

McColl’s in the trading update said: “Like-for-like sales were impacted by supply chain disruption and relatively poor weather. Year-on-year revenue growth was driven by the acquisition of 300 stores.”

Read more: McColl's looking to acquire up to 50 stores a year

By Alex Yau Avatar
By Alex Yau 27 Jul, 2018

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