Insight Report 2 minutes PremiumMorrisons (LSE: MRW) 3Q17 Trading Update: 4th Consecutive Quarter of Positive Comps Coresight Research November 4, 2016 Executive Summary The UK’s fourth-largest grocery chain posted 3Q17 comps of 1.6%. This marked a slight sequential weakening from 2.0% growth in 2Q17, but met consensus and was the fourth consecutive quarter of positive underlying growth. Total sales fell 1.2%, due to store closures and the disposal of Morrisons’ convenience-store chain later in 2015. For FY17, analysts expect total sales to fall by 0.4%, but EPS to climb by 8.1%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weekly US and UK Store Openings and Closures Tracker 2023, Week 7: UK Openings Up 46%Five Ways AI Is Being Used in Drugstore RetailCoresight Bites: US Store Openings and Closures—2022 Review and 2023 OutlookUS Online Grocery Survey 2024—Infographic: Amazon and Walmart Showdown in Grocery E-Commerce
