03 maj: UPDATE: Antofagasta Copper Output Up, But Suffers Esperanza Setba..
03 maj: BG MOU With Cosan For Sale Of Its 60.1% Holding In Comgas For $1...
03-05-2012 08:31:00

Wm Morrison Sales Fall In Challenging Consumer Climate

Relateret indhold

LONDON -(Dow Jones)- Wm Morrison Supermarkets PLC (MRW.LN) said Thursday it has made a satisfactory start to the year, but the economic climate for consumers is set to remain challenging as it reported a fall in first-quarter comparable sales.

Same-store sales--measuring sales from shops open more than a year--and excluding fuel and value-added tax, were down 1% in the 13 weeks to April 29. Total sales excluding fuel--which also takes into account all newly opened stores--rose 1.5%.

The retailer said the performance was broadly in line with its expectations and added that it is still confident of achieving continued profitable growth.

After signs of a fragile recovery for the retail sector in March, consumer confidence was dented last week with news that the U.K. slipped back into recession as gross domestic product shrank for the second successive quarter.

The U.K.'s No. 4 supermarket retailer by sales is a key competitor in the U.K. grocery sector, which is still coming to terms with market leader Tesco PLC's (TSCO.LN) decision to invest GBP1 billion in revamping its domestic operation following a profit warning in January.

Morrison's own fortunes have stumbled recently, with latest data from Kantar showing it lost market share in the 12 weeks to April 17, leading some analysts to blame the supermarket's keen focus on fresh food for alienating existing customers and failing to attract new ones.

After several years of trials, Morrison is rolling out its fresh food store format to around 15% of its stores by the end of the first half of 2012, a move that Chief Executive Dalton Philips believes represents a new experience for shoppers that will fend off any investment being touted by its rivals.

Shares closed Wednesday at 280 pence, valuing the company at GBP6.97 billion.

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

(END) Dow Jones Newswires

May 03, 2012 02:31 ET (06:31 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

TDC gennemfører købet af Get

20-10-2014 15:54:14
TDC gennemfører købet af den norske kabel tv-operatør Get.Samtidig præciseres forventningerne for 2014 inklusive Get. Driftsresultatet, EBITDA, ventes nu at lan..

Halliburton leverer over forventning i tredje kvartal

20-10-2014 13:22:10
Det amerikanske olieserviceselskab Halliburton kom pænt ud af tredje kvartal, hvor både top- og bundlinjen var en spids bedre end ventet i markedet.Halliburton ..

Aktier/middag: Vestas får vinger efter løftet anbefaling

20-10-2014 11:37:53
Det danske aktiemarked følger mandag op på fredagens kurshop og fortsætter til vejrs. Udviklingen er modsat tendensen i det øvrige Europa, hvor der er fald op t..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Aktier/tendens: Spændte investorer klar til sende aktier højere
2
Vestas/Nordea: Kursmålet sænkes og anbefalingen hæves - NY
3
Novo/analytikere: Uenighed om Saxenda-effekt
4
Aktier/middag: Vestas får vinger efter løftet anbefaling
5
Rusland strammer importforbud overfor Danmark

Relaterede aktiekurser

Morrison (WM) Supermarke.. 159,80 0,0% Aktiekurs uændret
Tesco PLC 179,30 0,0% Aktiekurs uændret

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
21. oktober 2014 04:12:09
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141015.1 - EUROWEB7 - 2014-10-21 04:12:09 - 2014-10-21 04:12:09 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x