In the nine weeks to 1 January, lfl retail sales impressed with 2.9% growth. Including fuel, total sales were up by 4.0% on a lfl basis. This came after improving lfl transaction growth of 5.2% yoy, soaking up the smaller basket’s impact (-5.3% yoy). Morrisons’ achievement is its best for seven years and higher than the previous Christmas period, by 2.0%. Morrisons has increased its profitability guidance: underlying operating profit will be in the range of £330-340m. Accord
11 Jan 2017
Strongest lfl growth in seven years
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Strongest lfl growth in seven years
- Published:
11 Jan 2017 -
Author:
Ranya GNABA -
Pages:
2
In the nine weeks to 1 January, lfl retail sales impressed with 2.9% growth. Including fuel, total sales were up by 4.0% on a lfl basis. This came after improving lfl transaction growth of 5.2% yoy, soaking up the smaller basket’s impact (-5.3% yoy). Morrisons’ achievement is its best for seven years and higher than the previous Christmas period, by 2.0%. Morrisons has increased its profitability guidance: underlying operating profit will be in the range of £330-340m. Accord