Morrisons reports 2.8 percent sales rise in first quarter
British supermarket Morrisons reported a 2.8 percent rise in first quarter sales. The group remains alert to the impact of the Iran war on supply chains.
The British supermarket group Morrisons has reported an improvement in its underlying sales growth for the first quarter, though the company remains vigilant regarding the potential impact of the war in Iran. As the fifth-largest grocer in the United Kingdom, the firm is closely monitoring how geopolitical tensions might influence supply chains and consumer sentiment in the coming months.
Owned by the United States private equity firm Clayton, Dubilier & Rice, the retailer saw its like-for-like sales increase by 2.8% in the 13 weeks ending January 25. This performance marks a step up from the 2.4% growth recorded in the previous quarter, signaling a positive trajectory despite a challenging economic environment.
