We update our FY16 forecasts for MSM, reducing turnover growth from 9.8% to 8%. The trading update for the 34-week period implied sales growth for the 8-week period to 21 August has slowed to 6.9%, and management outlook is fairly pessimistic.
We update our FY16 forecasts for MSM, reducing turnover growth from 9.8% to 8%. The trading update for the 34-week period implied sales growth for the 8-week period to 21 August has slowed to 6.9%, and management outlook is fairly pessimistic.