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Morrison W.Sprmkts (MRW)

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Thursday 19 November, 2009

Morrison W.Sprmkts

Q3 Interim Management Stateme

RNS Number : 7523C
Morrison(Wm.)Supermarkets PLC
19 November 2009
 



Record number of customers

attracted to Morrisons




Wm Morrison Supermarkets PLC

Q3 Interim Management Statement



Trading


The Group's performance in the third quarter has been good, continuing the progress reported in the first half.  Sales continued to grow well ahead of the market, reflecting  good like for like growth and the contribution from the 37 stores opened so far this year. 


In the 13 weeks to 1 November total sales* excluding fuel were up by 9.1% (5.1% including fuel). Like for like sales* grew by 4.3% (1.3% including fuel). 


At our interim results announcement in September we said that commodity prices would continue to ease through the quarter, resulting in lower retail price inflation and market growth. This has proved to be the case and our underlying sales performance in the period has been consistent with the good growth we experienced in the second quarter.


In this environment we continue to deliver great value and quality to our customers whilst focusing on managing our cost base and generating profitable growth. 


Morrisons welcomed a record 10.8 million customers on average through its doors each week during this period, up by over 1.6 million since we launched our Food Specialist for Everyone strategy two years ago. Our like for like sales of 13% over this period reflect the attractiveness of our unique fresh, quality and value offer. 






Optimisation Plan


Our new regional distribution centre at Sittingbourne opened ahead of schedule in the quarter to support the additional volumes going through the business as a result of our store opening programme, and we are very pleased with its early performance. The remaining initiatives within the Optimisation Plan, which concludes in January 2010, are on track. 


Outlook


Performance in the third quarter has been good and we have confidence in the strength of our unique proposition. Our expectations for the current year remain unchanged.




Commentating on Morrisons 3rd quarter trading, CEO Marc Bolland said;


"Morrisons continues to grow ahead of the market driven by our award winning combination of outstanding quality, fresh food and great value. I am pleased that more and more customers are attracted to Morrisons, as we continue our journey from national to nationwide."



*exc VAT



Sales including VAT


Exc. fuel

Inc. fuel

Total

8.4%

3.7%

Like for like

3.6%

0.0%




Enquiries:


Wm Morrison Supermarkets


Marc Bolland - Chief Executive

0845 611 5000

Richard Pennycook - Finance Director




Investor Relations


Niall Addison - Investor Relations Director

07764 624701



Media Relations


Wm Morrison Supermarkets:

Gillian Hall

0845 611 5359

Citigate Dewe Rogerson:

Simon Rigby

020 7638 9571

 

 Sarah Gestetner

 Kevin Smith


 






There will be an analyst conference call at 9 a.m. today.




Participants dial in line: 

0800 028 1243 (UK)


+44 (0) 20 7806 1951 (international)

Pin number:

3694607#



Replay facility: 

0800 358 7735 (UK)

Replay Access Number:

3694607#






This information is provided by RNS
The company news service from the London Stock Exchange
 
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