Business · Companies · 1 hr ago
Morrisons sales growth outpaces Sainsbury’s for first time in five years
Morrisons’ quarterly sales grew faster than Sainsbury’s for the first time in five years.
The comparison is about the pace of sales growth, not the supermarkets’ total sales.
The last time Morrisons outpaced Sainsbury’s was months before Morrisons was taken over by a private equity firm.
That £7 billion takeover took place in October 2021.
The latest result is being seen as a sign of recovery for Morrisons.
No further plans or next steps are specified.
Morrisons’ quarterly sales growth outpaced Sainsbury’s for the first time in five years.
The last time Morrisons performed better on quarterly sales growth was months before its £7 billion takeover in October 2021.
The reported sales performance comes amid signs of recovery at Morrisons.
- Who
- Morrisons and Sainsbury’s.
- What
- Morrisons’ quarterly sales growth outpaced Sainsbury’s for the first time in five years.
- When
- Not stated.
- Where
- Not stated.
- Why
- Not stated.
This story does not have two clearly opposing sides.
This story does not have a timeline yet.
- Sales growth
- Morrisons outpaced Sainsbury’s
- Comparison period
- First time in five years
- Last previous lead
- Months before October 2021
- Takeover value
- £7 billion
Sources
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