Morrisons Trading Update – What The Analysts Said
Published on Jan 7 2020 12:20 PM in Retail tagged: Featured Post / UK / Morrisons / Shore Capital / Bernstein / GlobalData / What The Analysts Said / Paywall / AJ Bell / Retail Economics / Ask Traders
Morrisons has posted a 1.7% decease in group like-for-like sales in the 22 weeks to 5 January, a period that includes both its third quarter and the nine-week Christmas trading period.
Commenting on its performance, chief executive David Potts said that while sales performance for the business was "challenging", Morrisons' "execution was strong and our profitability robust, demonstrating the broad-based progress we have made during the turnaround".
Here's how leading retail analysts viewed the retailer's performance:
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