Morrison: Christmas sales figures fail to impress

(CercleFinance.com) - Morrison Supermarkets has announced fourth consecutive figures for like-for-like sales growth over Christmas, helped by low prices, and said that its annual expectations were unchanged.


The British supermarket group said on Tuesday that group like-for-like sales, excluding fuel, were up 3.6% in the nine weeks to 6 January.

Total sales were up 4%, excluding fuel.

The retailer said that the price of its basket of key Christmas items was the same as last year. Otherwise, its 2018/19 year-end expectations are unchanged.

Morrison shares are currently falling 4.5% at 209.7 pence, valuing the business at about 5.2 billion pounds.

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