McColl’s Retail Group has reported a 4.2% increase in full-year sales.
In a trading update released this morning, the convenience chain also revealed like-for-like sales for the 53 weeks to 30 November rose 0.7%.
For the fourth-quarter, sales rose 5% but were down 1% on a like-for-like basis.
It acquired 21 new premium c-stores and converted nine CTNs to its food and wine format during the fourth quarter. It now has 799 c-stores, representing 61% of its 1,315 store portfolio.
Chief executive James Lancaster said he expected full year results to be broadly in line with expectations.
“I am pleased with our overall progress during the year,” he said.
“In line with the strategy we set out at IPO, we have continued our expansion into convenience through store, product and service development. Customers are responding well to our improved convenience offer, but with disposable income under continued pressure, the consumer outlook remains challenging,” Lancaster added.