// Morrisons sales drop 1.7% for the 22 weeks to January 5
// The drop was down to “challenging” trading conditions and uncertainty
// Group like-for-like sales including fuel drop 2.8%
Morrisons has reported a drop in group like-for-like sales after trading conditions remained “challenging” amid consumer uncertainty.
For the 22 weeks to January 5, sales excluding fuel, dropped 1.7 per cent.
The Big 4 grocer said the fuel market was “highly competitive”, with group like-for-like sales including fuel down by 2.8 per cent.
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“It was encouraging that during an unusually challenging period for sales, our execution was strong and our profitability robust, demonstrating the broad-based progress we have made during the turnaround,” Morrisons chief executive David Potts said.
“As always, we will take some learnings into the new year and look forward to 2020 with a strong plan and solid foundations on which to continue to grow.”
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