Company Earnings Update 3 minutesRegister for Free AccessMorrisons (LSE: MRW) FY19 Results: Solid Profit Growth Prompts Optimistic Outlook Coresight Research March 14, 2019 Executive Summary Morrisons reported FY19 revenues of £7 billion, up 2.7% year over year, and slightly missing the consensus estimate of €17.8 billion recorded by StreetAccount. The company reported adjusted diluted EPS of 12.88 pence, up 7.9% year over year, but missed the consensus of 13.1 pence. Morrisons expects £12 million incremental profit from wholesale, services, interest and online, taking the cumulative total to £54 million. The company believes it is on track for its £75-125 million target. 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: Bed Bath & Beyond: Which Retailers Are Set To Capture Market Share?US Mass Merchandisers, Warehouse Clubs and Discount Stores—Retail 2024 Sector Outlook: Slower Growth; Stronger Focus on EssentialsWeinswig’s Weekly: Elevated Gasoline Prices and the Pressures on Consumer WalletsMarch 2023 Leading Indicators of US Retail Sales: Mid-Single-Digit Growth Amid Growing Consumer Sentiment
