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%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Outlook: US Convenience Store Retailing—Navigating Structural Challenges, Mergers and Emerging OpportunitiesUS Consumer Tracker Extra: Which Consumers Are Trading Down To Combat Inflation?November 2023 UK Retail Sales: Easing Inflation and Holiday Season Boost SalesWeekly US and UK Store Openings and Closures Tracker 2024, Week 4: Macy’s To Close Five Stores
