Morrisons, the UK’s fourth-largest supermarket chain, has seen sales accelerate during its third quarter.
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The company said today (22 November) that sales during the 14 weeks to 4 November rose 3.7%.
Morrisons said it was “encouraged” by its performance during the third quarter but admitted it remained “cautious” on the outlook for consumer spending.
Chief executive Marc Bolland said: “Although we are still at an early stage in our three-year optimisation Plan, I am delighted with the progress that has been made. We are on track to deliver our vision of being the food specialist for everyone.”
Bolland, who took over the top job at Morrisons last year, is looking to reposition the retailer, which struggled to adapt in the aftermath of its 2004 acquisition of Safeway.
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