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Brokers Tips

Morrisons grows comparable sales for second quarter running

05 May 2016

The supermarket chain continues to find its way back from the brink

Beleaguered supermarket chain Morrisons (MRW) has continued to outperform expectations during the first quarter of its financial year, reporting a 0.7 per cent improvement in underlying sales, excluding fuel, despite an overall deflation rate of 2.6 per cent. Total non-fuel sales fell 1.8 per cent, reflecting store closures and the decision to exit the convenience chain market last year.

Morrisons grows comparable sales for second quarter running

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