Morrisons, the UK’s fourth-largest supermarket retailer, said today (24 May) that underlying first-quarter sales had risen 4%.

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

Related Company Profiles

View all

Chairman Sir Ken Morrison said the company made “steady progress” during the 15 weeks to 20 May.


“Our expectations for full-year profitability remain unchanged,” Sir Ken said. In March, Morrisons said it would invest GBP450m (US$894m) in a three-year drive to boost profits by GBP200m a year by 2010.


Sir Ken said an inquiry by UK competition watchdogs into the grocery sector will now not be concluded until the first quarter of next year.


“We share some of the Commission’s concerns about the competitive landscape and are co-operating fully with their inquiry,” he said.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

“We cannot predict the outcome of the investigation but if local competition turns out to be the main issue, as the smallest of the big four food retailers we may have the opportunity to exploit locations where we are not currently represented.”