Company Earnings Update 3 minutesRegister for Free AccessMorrisons (LSE: MRW) Holiday Trading Update: Wholesale Drives Growth; Retail Sales Impacted by Uncertainty Coresight Research January 9, 2019 Executive Summary UK grocery retailer Morrisons reported comparable sales growth (excluding fuel) of 3.6% in the nine weeks ended January 6, below the consensus estimate and slowing sequentially. Management pointed to consumer uncertainty as a factor inhibiting growth in the period. Wholesale revenues drove growth, contributing 3.0% to total comps, while retail comps, excluding fuel, contributed just 0.6%. The company maintained the guidance given in its first-half results. 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: Innovator Profile: The Metav.rs Web3 Platform Helps Brands To Better Create and Manage Metaverse ExperiencesData Dive: What US, European and Australian Retailers Are Saying on CapexWeekly US and UK Store Openings and Closures Tracker 2023, Week 8: US Closures Jump 36% in One WeekConsumers Pursue Conflicting Anti-Inflation Strategies: US Consumer Tracker 2023, Week 23
