Morrisons reveals Coronavirus boost

SUPR highlights from Morrisons Q1 trading update:

  • Group like for like sales were up 6% for the 14 weeks to May 14

  • Group like for like sales up 11% in the last 2 weeks of the quarter

  • Fuel sales were down 70% since the start of the lock down

  • Whilst there were additional costs associated with the safety modifications to the stores, this was offset by the substantial saving from business rates relief

  • Morrisons online delivery slots more than doubled - with demand being fulfilled through in store pick

  • Click and collect being rolled out to 280 stores by June

  • Increased Amazon Prime pick stores from 17 to 40

  • Increased Deliveroo partnerships to 130 stores

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Results in full here