Morrisons reports ‘nine-year high’ as quarterly sales rise 6.3%
Bradford-headquartered Morrisons has seen its Q2 group like-for-like sales rise 6.3% - a nine-year high for the Big Four supermarket.
Publishing its half year results to August 5, Morrisons said its Q2 Group like-for-like sales, excluding fuel and VAT, was up 6.3%; while during the first half of the year, group like-for-like ex-fuel/ex-VAT were up 4.9% (2017/18: 3%).
During the period, its revenues rose 4.5% to £8.80bn (2017/18: £8.42bn) and underlying pre-tax profits were up 9% to £193m (2017/18: £177m)
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