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: December 2023 Monthly Consumer Update: US, UK and ChinaFebruary 2023 UK Retail Sales: Total Sales Post Strongest Growth in a YearInnovator Matrix: Last-Mile DeliveryDiscount Decades—US Dollar and Discount Stores: Unlocking Their Potential for Future Growth
