May 10, 2019 3 minutes

Morrisons (LSE: MRW) 1Q20 Trading Update: Group Comps Below Expectations, Access to Ocado Erith Fulfilment Center Suspended

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Morrisons reported group same-store sales growth of 2.3% excluding fuel, below the consensus estimate of 2.5% recorded by StreetAccount.
The company agreed with its online grocery service provider Ocado that Morrisons’ access to the new Erith customer fulfilment centre (CFC) will be suspended until January 2021.
Ocado will no longer be Morrisons’ exclusive digital partner.

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