Company Earnings UpdateMorrisons (LSE: MRW) 1H20 Results: Sharp Downturn in Retail Comps Coresight Research September 13, 2019 Executive Summary Morrisons reported 1H20 revenues of £8.83 billion, slightly above the consensus estimate of £8.8 billion. 1H20 comparable sales were up 0.2% year over year: Retail contributed (1.1)% to group comps while wholesale contributed 1.3%. The retail segment saw a sharp downturn in the second quarter: Its contribution to group comps fell from 0.2% in 1Q20 to (2.4)% in 2Q20. Management cited demanding comparatives from 2018 as the reason. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 20: Cross-Border Players Don’t Prevent Amazon Reaching New Highs in ApparelHigh-Income Consumers’ Economic Optimism at Five-Month Low; Holiday Shopping Accelerates: US Consumer Survey InsightsHigh-Income Consumers Drive Uptick in Financial Optimism: Weekly US Consumer Sentiment, Week 22, 2025—InfographicThree Data Points We’re Watching This Week, Week 3: Retailer Focus
