Trading update stated:
Said Friday its comparable sales during the first 18 weeks of the fiscal 2018, was down as result of tough trading conditions
The company said it remains cautious about the trading environment and expect the challenges of weaker consumer confidence, increased costs and increasing competition to persist over the near term
like-for-like sales fell 1.2%
lfl net income grew by 1.4% vs 3% in FY17
Brewing volumes were also relatively lacklustre at -0.5%
As of 8.12am the stock was trading down c.11.6% at c.582p