Shares in Morrisons, the UK’s fourth-largest grocer, rose this morning (4 June) after the retailer once again posted robust quarterly sales figures.
Like-for-like sales excluding fuel rose by 8.2% for the 13 weeks to 3 May. Chief executive Marc Bolland said Morrisons had attracted 500,000 new customers to its stores during the quarter.
“This is a particularly good result which is on top of the similar level of growth we reported in last year’s Q1 update,” Bolland said.
Morrisons saw like-for-like sales climb 7% during the first quarter of its previous fiscal year.
The company’s stock was up 1.9% at 252.25p at 10:53 BST this morning.