Morrisons grows share in Q1
Wm Morrison has reported a small rise in first-quarter like for like sales but warned that it remains cautious on the economic climate.
Morrisons said in a challenging environment for the consumer keen pricing, supported by eye-catching and innovative promotional offers, has again proved successful as consumers have continued to search for value.
In the 13 weeks to 2nd May total sales excluding fuel were up by 5.9% (9.5% including fuel). Like for like sales grew by 0.8% (5.2% including fuel. The Group's net debt position remains in line with expectations.
'Although we remain cautious on the economic environment and consumer spending, our expectations for the current year remain unchanged.'Morrisons said in a statement:
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