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Morrisons’ first quarter sales rise

Morrisons has seen its first quarter group like-for-like sales (excluding fuel) increase by 3.4%.

Morrisons has seen its first quarter group like-for-like sales (excluding fuel) increase by 3.4%.

According to the retailer’s results for the 13 weeks to 30th April, total sales (excluding fuel) were up by 2.8%.

Chief executive David Potts said: “Our new financial year has started well, thanks once again to the dedication of our team of food makers and shopkeepers. We are improving the shopping trip in many different ways, which is making Morrisons more popular and accessible for customers. These new initiatives in-store, online, in wholesale and services are beginning to build a broader, stronger Morrisons.”

He added: “We are confident we will continue to turnaround and grow Morrisons. Our expectations and guidance for 2017/18 are unchanged, including year-end net debt of less than £1bn.”

The IOR Annual Conference – a conference on-demand

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