Iceland released its Q2 results, which were slightly below expectations, driven by slightly lower prices, increased marketing and timing of
The Moody’s upgrade is good news for investors, though it is likely already priced into bonds following last month'
Iceland released their FY23/24 (to March 24) audited numbers this morning, with EBITDA at £171m in line with guidance given at the time of the
The Grocer magazine reports that Iceland is seeking to increase the number of Food Warehouse stores, and has appointed Mason Partners LLP to
Tesco continue their market share gain, adding a further 52bps of market share as Tesco continue to see customers switch from M&S and Waitrose. More importantly,
Please find our updated analysis of Iceland post its Q3 numbers here.
This update is a little delayed as we awaited some confirmation on differences between FRS102 and the now new accounting standard IFRS. The answer is
Iceland’s numbers are out this morning and strong as expected. Sales £20m lower than our model, but Gross Profit and Operating cashflow in line. Gross Profit margin is
We haven’t paid too much attention to Kantar’s market share statistics as Iceland historically moves in a tight range from 2.2% to 2.4% market share. This month,
Please find our unchanged analysis of Iceland here.
Iceland has been requested by several clients but we don’t see a change in strategy or trajectory for the Company in the coming
Today’s UK’ economic headlines are dominated by the drop in Retail sales, the lowest since February 2021, impacted by lower fuel consumption and
October inflation has come down to 4.6% spilling water on Sunak’s mills. The move is not entirely unexpected, but nonetheless positive for
The feed price ratchet has been crucial to Boparan's efforts in rebuilding margins. However, the entire food production sector is fighting to recover other
The transaction would reduce leverage at Morrison if approved. This £2.5bn (EV basis) fuel forecourt deal is the opposite of the EG/ASDA deal. CD&R-owned Motor
Aldi has increased its long-term target to 1,500 stores, up from an earlier goal of opening 1,200 by 2025. This is on the back of a surge in demand in
Overall UK grocery sales grow by 6.5% in the four weeks to the 6th of August, driven by grocery price inflation of 12.7%. Morrisons (8.7%) and Asda (7.7%) grew ahead of