Morrisons is expected to report interim underlying pre-tax profits up to about £437m on Thursday, an increase from £410m last year.
Over the last five years, Morrisons has increased sales per sq ft from £1,005 to £1,164 on space up from 10.5m sq ft to 12.3m sq ft, Retail Week Knowledge Bank data shows.
The grocer has been taking market share from competitors under the leadership of chief executive Dalton Philips and is now experimenting in-store and diversifying into convenience retail and online.
Ahead of Thursday’s update, access Retail Week Knowledge Bank data for all you need to know about Morrisons’ performance and strategy to take an informed view of the results.
If you compete against, trade with or invest in Morrisons, Retail Week Knowledge Bank - a service accessible to all Retail Week subscribers – provides you with invaluable data and analysis – just click here.
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