Morrisons Sales Up but Aldi and Lidl Win Supermarket Wars

Lidl and Aldi achieved 10% sales growth over the 12-week period to December 30, compared to Morrisons' 4%

Ioannis Pontikis 9 January, 2019 | 7:16AM

Morrisons supermarket stock equities UK grocer

WM Morrison (MRW) reported its Christmas trading update for the nine weeks to January 6, with group like-for-like sales excluding fuel up 3.6%, supported by the retail and wholesale channels. These results were broadly in line with analysts full-year expectations. Morrison reaffirmed its full-year guidance.

Morningstar equity analysts maintain their £2.08 fair value estimate for the shares and continue to expect intensified competition and margin-dilutive growth in online and wholesale businesses to balance out any meaningful volume/mix gains achieved in the future.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Morrison (Wm) Supermarkets PLC185.25 GBX1.31

About Author

Ioannis Pontikis  is an Equity Analyst for Morningstar

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