Morrisons (LSE: MRW) FY19 Results: Solid Profit Growth Prompts Optimistic Outlook
- 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.
Morrisons reported FY19 results with both top-line and EPS slightly missing the consensus but otherwise showing strong growth.
Login to view the full report, or register below for a free membership to access research.