Company Earnings UpdateMorrisons (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Analyst Corner: Learnings from Earnings, and Holiday-Season Insights, with John MercerEarnings Insights 4Q24, Week 7: Costco, Inditex and Puma Lead with Solid Fourth-Quarter GrowthAnalyst Corner: US Shoppers Are Worried About Higher Prices from Tariffs—Consumer Survey Insights with John MercerOnline Shopping in Focus—Amazon Dominates E-Commerce Competition: US Consumer Survey Insights
