Morrisons LFL sales up 4.8% in 2018

Source: Morrisons, Wednesday, Mar 13, 2019

Morrisons has announced FY2018 results for the 52-week period ended on 3 February 2019. Group revenue increased by 2.7% to GBP17.7 billion compared to GBP17.3 billion in 2017. Total sales excluding fuel increased by 0.1% to GBP13.26 billion compared to GBP13.4 billion in 2017.

Group LFL sales excluding fuel increased by 4.8% and including fuel increased by 4.3%. Retail LFL contribution for the period was 1.5%. Wholesale contribution to LFL sales was 3.3% during the period. LFL items per basket increased by 0.7% while the number of transactions decreased 0.9%. Gross profit for the period was GBP607 million compared to GBP633 million in 2017.