Morrisons equals the UK's 11th biggest wholesaler merging grocery and hospitality | Analysis & Features thegrocer.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from thegrocer.co.uk Daily Mail and Mail on Sunday newspapers.
11th May 2021
Morrisons saw a sharp slowdown in sales growth during its last quarter as it faced tough comparatives with the same period last year when consumers were panic buying essentials at the start of the pandemic. However, the company noted returning demand in areas such as food-to-go and said it expects to benefit from consumers socialising and celebrating events over the summer.
During the 14 weeks to 9 May, the group’s total like-for-like sales were up 2.7%, comprising contributions from retail of 1.6% and wholesale of 1.1%. The overall figure was ahead of City forecasts of a 1.6% rise but down from the 9% growth seen in the previous quarter.