Morrisons profits and revenues up as grocer ‘bounced back strongly’ from cyber attack

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Morrisons has reported increases in profits and revenues for the second quarter, as it “bounced back strongly” from the cyber attack which threatened its Christmas trading.

For the 13 weeks to April 27, 2025, the grocer reported a 3.9% jump in group like-for-like sales and a 4.2% increase in total sales to £3.9bn.

The supermarket’s underlying EBITDA for the first half of the year jumped 7.2% to £344m, driven by a growth in convenience, which saw Morrisons open a total of 42 franchise stores in the quarter, bringing the total number of Daily stores to 1,700 across the UK.

Morrisons also made an additional £58m of cost savings in the quarter and has now exceeded its initial £700m savings target. In the first quarter, the supermarket increased the savings target to £1bn by the end of the 2025 financial year.

Chief executive Rami Baitiéh said: “I’m pleased to report that Morrisons has bounced back strongly from the disruption of the Blue Yonder cyber attack in November 2024 with like-for-like sales growth of 3.9% in the second quarter. “

“Against the backdrop of a challenging macro environment, with inflation driving subdued consumer sentiment, value remains at the forefront of customers’ minds. Throughout the first half, we’ve worked hard on helping customers through these challenges with a rigorous focus on price, promotions and meaningful rewards for loyalty.

“The renewal and modernisation of Morrisons continues at pace. During the period, we commenced trials of a number of new in-store initiatives, including a new look Market Street with Farm Shop influences and more added-value products; a new World Foods offer; and a tighter, sharper range which highlights innovation and newness across the store.

“Customer reaction has been very positive with Morrisons’ fresh food strengths and outstanding value shining through strongly. We also made strong progress with the expansion of Morrisons Daily, opening 42 new franchise-owned stores in the quarter, and we see potential for hundreds more franchise-owned stores as we expand further in the growing and fragmented convenience market.

“I would like to thank all of our valued colleagues for their hard work and dedication as we continue to move forward with plans to grow and improve our business.”