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Morrisons (LSE: MRW) Christmas Trading Update: Strong Sales Growth Beats Expectations

Executive Summary

  • UK grocery retailer Morrisons reported comparable sales growth of 2.8% and retail comps of 2.1% in the 10 weeks ended January 7.
  • This was an unexpectedly strong performance and lapped a 3.3% comp for the same period last year.
  • The company grew online sales by more than 10%.

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