The Lemon Fool

Highlights

· Steady like-for-like performance with transformation programme on track

· Clothing & Home revenue reflecting lower footfall to stores, partly as a result of increasing pace of closures, with online growth of 14% driven by improvements to proposition and operations. Stock into sale down c.25%, as a result of planned reduction in stock levels

· Food like-for-like revenue reflecting price investment and the transition to trusted value with early signs of volume improvement and solid growth over the Christmas weeks

· Full year guidance remains unchanged