GLP-1 Consumer ImpactRapid uptake of GLP-1 weight-loss drugs is changing eating habits and reducing demand for savoury, high-calorie items that are core to sales, creating a structural headwind for volumes, analysts say.
Margin Pressure And Strategy ExecutionSlower progress on initiatives such as evening trading and delivery, coupled with store-level and manufacturing deleverage, may compress margins and constrain future profit growth, analysts project.
Sales Slowdown And WeatherSlowing like-for-like sales alongside unseasonable weather and storm-affected comparisons have weighed on trading and make it harder to assess underlying customer demand, according to analysts.