The boss of Morrisons said the supermarket group is developing plans to “start a new chapter” as it revealed a rise in sales.
Category
🗞
NewsTranscript
00:00 Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. Here
00:07 are your business headlines for today.
00:10 The boss of Morrisons said the supermarket group is developing plans to start a new chapter
00:16 as it revealed a rise in sales.
00:19 The company, which is the UK's fifth largest supermarket group, said total revenues increased
00:24 by 2.7% to £14.9 billion over the year to October 29th.
00:32 Nevertheless, this growth comes amid a boost from high levels of grocery price inflation
00:36 over the past year. It also revealed that earnings increased by 6.5% to £970 million
00:43 for the year.
00:44 Ramay Bhattach, who is the Chief Executive of Morrisons, said, "Reporting today, our
00:49 sixth consecutive quarter of like-for-like sales improvement is very positive."
00:54 So a positive trading update there from Morrisons. It said it's developing plans to start a new
00:57 chapter as it revealed a rise in sales as it made steady progress in 2023.
01:05 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.
01:09 [BLANK_AUDIO]