"It's tough for customers right now. We are closely watching current international events, aware of their potential impact on consumer confidence and supply chains, and we will continue to take steps to mitigate any effects on our customers."
"Against a highly competitive backdrop, with grocery market growth lagging previous expectations, we achieved our targets in Q1, delivering our 13th quarter of like-for-like sales growth."
"We know it's tough for customers right now and we're doing everything we can to offer them better value and give them more reasons to shop at Morrisons."
"That means continuing to invest in price, promotions and loyalty, concentrating on driving value where it matters most for our customers."
Morrisons reported total sales of £4.1 billion for the 13 weeks ending January 25, marking a 2.6% increase from the previous year. Like-for-like sales rose by 2.8%, attributed to a successful Christmas season and investments in lower prices. Chief Executive Rami Baitieh acknowledged the challenges customers face and emphasized the company's commitment to mitigating impacts from international events. Morrisons achieved £49 million in cost savings and continues to focus on pricing, promotions, and loyalty to support shoppers amid fierce competition.
Read at London Business News | Londonlovesbusiness.com
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