Shaping the future
It has been another year of transformation for McColl’s and the business continues to go from strength to strength. With a clear vision and strategy, never has the business had so many opportunities to drive growth.
New supply partnership
Driving organic growth
Grocery sector remains competitive
Shoppers continue to favour convenience stores and it’s been a year of unprecedented change for the channel. In particular we have seen increased activity and competition within the wholesale supply market for convenience stores. Amidst this competitive environment, we have aligned ourselves with a new supply partner, ensuring we are well positioned to maximise the growth opportunities that the convenience channel offers.
Three strategic goals
Growing convenience offer
Excellent customer service
Increase neighbourhood presence
A bigger, stronger McColl's
This has been my 27th year in the business and my first full year as Chief Executive. I am immensely proud of what we have achieved and I believe the business is in the best place it’s ever been. I can’t recall a year when we have experienced more change in the grocery sector and never has there been a more exciting time to be in convenience.
Building an exciting future for McColl's
If 2016 was about laying solid foundations for the future of McColl’s, then 2017 has been about cementing in place the building blocks that will support our growth for years to come. With the on-boarding of over 300 new stores, the successful conclusion of our store refresh trial, and having agreed a groundbreaking new supply deal, McColl’s is well set for sustainable growth in 2018 and beyond.
*Growth in sales is a ratio that measures year-on-year movement in Group sales for continuing operations for 52 weeks. It shows the annual rate of increase in the Group’s sales and is considered a good indicator of how rapidly the Group’s core business is growing.
Adjusted Earnings per share: Earnings per share before the impact of adjusting items.
Capital expenditure, excluding the acquisition: The additions to property, plant and equipment and intangible assets that do not relate to the acquisition of, or further investment in, the 298 stores acquired from the Co-op.
Adjusted EBITDA: This profit measure shows the Group’s Earnings Before Interest, Tax, Depreciation and Amortisation adjusted for both Property gains and losses and other adjusting items, in order to provide shareholders with a measure of true underlying performance of the business.