January 11, 2017 3 minutes

Morrisons (LON: MRW) Christmas Trading: Comfortably Beats Expectations

Primary Analyst: Coresight Research

Company Earnings Update

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