Morrisons Half-Year Results – What The Analysts Said
UK retailer Morrisons has posted a 1.9% decrease in like-for-like sales (excluding fuel) for the half-year to 4 August, with total revenue up by 0.4% for the period.
Commenting on its performance, chief executive David Potts said that the retailer "stayed focussed on our Fix, Rebuild and Grow strategy, and were pleased to maintain the momentum of the turnaround against strong comparatives last year. Sales and profit progress was robust, and we again invested in improving our competitiveness for customers."
Here's how leading retail analysts viewed Morrisons' performance:
Clive Black, Shore Capital
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