September 15, 2017 2 minutes

Morrisons (LSE: MRW) 1H18 Results: Strong Comp Growth Feeds into Double-Digit Profit Uplift

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Morrisons reported continued strong comparable store sales growth in 1H18 and it is outpacing major rivals, as measured by comparable store sales.
Revenue, underlying EBIT and underlying pretax profit were in line with consensus.
Management upped its expectations of medium-term incremental profits from wholesale, services, interest and e-commerce.

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