Company Earnings UpdateMorrisons (LSE: MRW) 1Q20 Trading Update: Group Comps Below Expectations, Access to Ocado Erith Fulfilment Center Suspended Coresight Research May 10, 2019 Executive Summary Morrisons reported group same-store sales growth of 2.3% excluding fuel, below the consensus estimate of 2.5% recorded by StreetAccount. The company agreed with its online grocery service provider Ocado that Morrisons’ access to the new Erith customer fulfilment centre (CFC) will be suspended until January 2021. Ocado will no longer be Morrisons’ exclusive digital partner. 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: Three Data Points We’re Watching This Week, Week 2: Global Retail Predictions for 2025Groceryshop 2025 Day Two: Unlocking Growth with AI, GLP-1 Shifts and Retail MediaHigh-Income Consumers’ Economic Optimism at Five-Month Low; Holiday Shopping Accelerates: US Consumer Survey Insights4Q24 Earnings Season Wrap-Up: Widespread Positive Sales Growth Recorded This Quarter
