Morrisons H1 results better than expected
Morrisons, the UK's fourth-largest grocer, claimed "steady progress" after mixed first-half results that included a dip in like-for-like sales but not the fall some were expecting.
Morrisons CEO Dalton Philips today (6 September) defended the UK retailer's "fresh format" stores and its policy on vouchers, two strategies brought into question in recent weeks.
Morrisons, the UK's fourth-largest grocer, today (6 September) claimed "steady progress" in the first half of its financial year after reporting results that included higher revenues, net profit but falling like-for-like sales.
UK retailer Morrisons has rolled its Catalina couponing system out nationally.
Morrisons CEO Dalton Philips has insisted the UK retailer will not chase unprofitable volume in a highly promotional market.
Morrisons insisted this morning (3 May) it has made a "satisfactory" start to the year, despite booking its first drop in like-for-like sales since 2005.
- It won't just be Unilever to push for Brexit hikes
- Price an underlying tension across European FMCG
- Danone's Q3 sales - what the analysts say
- Interview: UK trade body on Brexit's policy impact
- Interview: UK trade body on the impact of Brexit
- Nestle lowers outlook on "softer environment"
- PepsiCo sets 2025 nutrition, sustainability goals
- China "transition" drags on Danone Q3
- UK announces "action plan" to drive food exports
- CP Foods invests in UK foodservice firm Foodfellas
- The Big 15: Strategies and Priorities of Top Packaged Food Players in Comparison
- Omega-3 in Food and Beverage:Time for a Reboot?
- Global Food Packaging: Innovating for Greater Convenience and Quality Image
- Packaged Food: Quarterly Statement Q3 2016
- Constellation Brands, Inc. (STZ) - Financial and Strategic SWOT Analysis Review