Company Earnings Update 3 minutesRegister for Free AccessMorrisons (LON: MRW) Christmas Trading: Comfortably Beats Expectations Coresight Research January 11, 2017 Executive Summary The 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. Total sales were up 2% excluding fuel. The company attributed the solid performance to an improved offer, more competitive pricing and serving customers better. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: RetailTech: Frictionless Check-In—Seamless Shopping Starts with Store Entry Through Biometrics and MoreRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online LandscapeWeekly US and UK Store Openings and Closures Tracker 2023, Week 7: UK Openings Up 46%Consumers Maintain Consistent Summer Spending Patterns: US Consumer Tracker 2023, Week 32
