Sales (excluding fuel) increased on a lfl basis for the fourth consecutive quarter. Fuel inflation prices led to a lfl sales rise of 3.4%. However, the smaller store portfolio following the disposal of M Local (140 stores) affected its total sales, capping the rise to just 1.1%. A strong Halloween period, when revenues soared by 20% yoy, has lifted Morrisons’ Q3 results. The online business contributed 0.9% lfl.
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
Still positive but lower growth pace
- Published:
03 Nov 2016 -
Author:
Ranya GNABA -
Pages:
2
Sales (excluding fuel) increased on a lfl basis for the fourth consecutive quarter. Fuel inflation prices led to a lfl sales rise of 3.4%. However, the smaller store portfolio following the disposal of M Local (140 stores) affected its total sales, capping the rise to just 1.1%. A strong Halloween period, when revenues soared by 20% yoy, has lifted Morrisons’ Q3 results. The online business contributed 0.9% lfl.