Morrisons posts 3.2% like-for-like sales growth as cost savings near £1bn
Morrisons reported like-for-like sales rose 3.2% in the 13 weeks to 26 July, pushing total sales to £4.1bn. The rise marked its 15th consecutive quarter of like-for-like growth and came alongside £53m of new cost savings, taking cumulative savings to £995m.
Online sales grew by a double‑digit percentage, helped by the expansion of Immediacy and Morrisons Now services. Convenience added 71 new Morrisons Daily franchise stores so far this year. The retailer launched its Unbeatables price promise, guaranteeing customers will not find better value on hundreds of essential products at named major supermarkets. Morrisons raised its working‑capital improvement target to £750m and said debt had fallen 46% since 2022 with no near‑term maturities.
“Trading conditions in Q3 remained highly competitive but the period also benefited from the hot weather and the World Cup,” Rami Baitiéh, chief executive said.
Morrisons had recorded 14 consecutive quarters of like-for-like growth before the third quarter. Its previous strongest quarter was Q2 2025.
What we know
Morrisons has reported a stronger third quarter, with like-for-like sales rising 3.2 per cent as the supermarket grew sales and volumes ahead of the market.
For the 13 weeks ending 26 July, the grocery retailer’s total sales hit £4.1 billion, its strongest quarter since Q2 2025 and marked its fifteenth consecutive quarter of like-for-like growth.
Morrisons has reported its fifteenth consecutive quarter of like-for-like growth, as group sales increased 3.2 per cent to £4.1 billion.
Morrisons said it delivered a further £53 million of cost savings during the quarter, taking cumulative savings since the start of its programme to £995 million.
Convenience also continued to expand, with 71 new Morrisons Daily franchise stores opened so far this year.