Company Earnings Update | January 9, 2019 Register for Free Access Morrisons (LSE: MRW) Holiday Trading Update: Wholesale Drives Growth; Retail Sales Impacted by Uncertainty£700 million of annualized wholesale supply sales expected ahead of initial end-2018 guidance. £1billion of annualized wholesale sales expected “in due course.” Further £4 million of incremental profit from wholesale, services, interest and online. In the second half, management expects lower costs of both Morrisons.com expansion and accelerated wholesale supply. Net debt will remain at a low level, consistent with the company’s capital discipline and the principles of capital allocation. Read More
Company Earnings Update | January 10, 2018 Register for Free Access Morrisons (LSE: MRW) Christmas Trading Update: Strong Sales Growth Beats ExpectationsUK grocery retailer Morrisons reported comparable sales growth of 2.8% and retail comps of 2.1% in the weeks ended January 7. Read More
Company Earnings Update | November 3, 2017 Register for Free Access Morrisons (LSE: MRW) 3Q18 Update: Continued Solid Comp GrowthMorrisons reported solid comp growth of 2.5% in 3Q18, with retail comps of 2.1%. Read More
Company Earnings Update | September 15, 2017 Register for Free Access Morrisons (LSE: MRW) 1H18 Results: Strong Comp Growth Feeds into Double-Digit Profit UpliftMorrisons reported continued strong comparable store sales growth in 1H18 and it is outpacing major rivals, as measured by comparable store sales. Read More
Company Earnings Update | May 5, 2017 Register for Free Access Morrisons (LSE: MRW) 1Q18 Update: Comps Strengthen FurtherThe UK’s fourth-biggest grocery retailer, Morrisons, reported comps ex fuel of 3.4% for 1Q18. Read More
Company Earnings Update | March 10, 2017 Register for Free Access Morrisons (LSE: MRW) FY17 Results: Ongoing Improvement in Sales and Profitability TrendsThe UK’s fourth-largest grocery retailer, Morrisons, reported FY17 revenues were up 1.2% year over year and that comparable store saleswere up 1.7%. Comps rose by 2.5% in 4Q17, representing a sequential quarterly improvement. This was the fifth consecutive quarter of positive underlying growth and marked the first fiscal year of positive comps since FY12. Read More
Company Earnings Update | January 11, 2017 Register for Free Access Morrisons (LON: MRW) Christmas Trading: Comfortably Beats ExpectationsThe UK’s fourth-largest grocery retailer, Morrisons, reported comps of 2.9% for the nine weeks ended January 1 to comfortably beat 4Q17 consensus of 1.1%. This marked an acceleration from comps of 1.6% in the prior quarter. Read More
