Company Earnings Update 3 minutesRegister for Free Access

Morrisons (LSE: MRW) FY19 Results: Solid Profit Growth Prompts Optimistic Outlook

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.