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May 19 2020, 11:05 IST/BST
While Greencore has adapted its operating model to the current lockdown situation, the demand picture remains highly uncertain. Social distancing measures and recessionary forces will continue to weigh on footfall in the near-term. The potential structural changes to consumer purchasing patterns and working habits are more difficult to predict. Company commentary suggests the revenue rebuild is going to be elongated. Cash levers will soften the monthly burn, with working capital a key watchpoint.
May 19 2020, 11:05 IST/BST