Company Earnings UpdateMorrisons (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Grocery Retailing—Themes, Concepts and Innovators: Opportunities Ahead Amid Increased Market ConcentrationRedefining Global Sourcing: What a US–India Trade Deal Means for Retailers and ManufacturersCEO Brief: Intelligent Inventory—Achieving Inventory ExcellenceUS CPG Sales Tracker: CPG E-Commerce Growth Eases from Prime Day Peak; General Merchandise Decline Confirms Pull-Forward Effect
