Morrisons Q2 sales hit £4 billion as like-for-like growth reaches 14th straight quarter

Earnings
โดย Retail Insight Network·Read original
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Morrisons reported total sales of £4 billion for the second quarter of its 2025/2026 financial year, extending its unbroken like-for-like sales growth to 14 consecutive quarters. Group like-for-like sales rose 2.2% in the period ending 26 April 2026, while total sales were up 1.7% year-on-year. Underlying EBITDA for the first half climbed 5.7% to £323 million. The retailer added 30 Morrisons Daily franchise stores in the quarter and grew its More Card loyalty scheme to eight million active users, while delivering an additional £48 million in cost savings, bringing cumulative savings under its efficiency programme to £942 million. The results were announced alongside a restructuring that will see 100 loss-making convenience stores closed, with the company citing cost increases from the national living wage and higher employer National Insurance contributions.

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