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: Weekly US and UK Store Openings and Closures Tracker 2023, Week 4: UK Closures Down 29%Earnings Insights 1Q24, Week 6: Hearing from Burlington Stores, Dollar General, Foot Locker, Kohl’s and MoreJune 2023 US Retail Traffic and In-Store Metrics: Recovery Stalls as In-Store Sales Dip FurtherHoliday 2023: Festive Frenzy of Social Commerce—Seven Social Media Strategies To Drive Engagement
