Company Earnings Update 3 minutesRegister for Free AccessMorrisons (LSE: MRW) 1H20 Results: Sharp Downturn in Retail Comps Coresight Research September 13, 2019 Executive Summary Morrisons reported 1H20 revenues of £8.83 billion, slightly above the consensus estimate of £8.8 billion. 1H20 comparable sales were up 0.2% year over year: Retail contributed (1.1)% to group comps while wholesale contributed 1.3%. The retail segment saw a sharp downturn in the second quarter: Its contribution to group comps fell from 0.2% in 1Q20 to (2.4)% in 2Q20. Management cited demanding comparatives from 2018 as the reason. 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: Retail-Tech Landscape: Checkout SolutionsRetail 2024: US E-Commerce Technology Trends—Generative AI, Retail Media and Other Revenue-Generating Opportunities To Transform the Online LandscapeEarnings Insights 1Q23, Week 1: Albertsons, Crocs, Procter & Gamble, Skechers and More Post Positive Results; Amazon’s Online Sales ImproveRobotics in Retail—Part 2: Service Bots Automate and Upgrade the In-Store Experience
