Updated: Apr 10, 2019
Morrisons on target with strong results. SUPR view:
- Group LFL sales up 5%
- Total revenue up 3%
- Profit before tax up 10%
- EPS up 8%
- Further special dividend of 4p declared – full year total dividend up 25% to 12.6p
- Store impairments reversal £66m
- Wholesale partnership with McColl’s proving successful – on target with £700m sales achieved Introduced in store pick model into 23 stores
- Third consecutive year of sales and profit growth.
- Total dividend up over 150% over the three years
