Morrisons recorded 'steady progress' in 2023 as it invested in customer service

The boss of Morrisons said the supermarket group is developing plans to “start a new chapter” as it revealed a rise in sales.

Transcript

00:00 Hello, my name is Greg Wright. I'm the Deputy Business Editor of the Yorkshire Post. Here

00:07 are your business headlines for today.

00:10 The boss of Morrisons said the supermarket group is developing plans to start a new chapter

00:16 as it revealed a rise in sales.

00:19 The company, which is the UK's fifth largest supermarket group, said total revenues increased

00:24 by 2.7% to £14.9 billion over the year to October 29th.

00:32 Nevertheless, this growth comes amid a boost from high levels of grocery price inflation

00:36 over the past year. It also revealed that earnings increased by 6.5% to £970 million

00:43 for the year.

00:44 Ramay Bhattach, who is the Chief Executive of Morrisons, said, "Reporting today, our

00:49 sixth consecutive quarter of like-for-like sales improvement is very positive."

00:54 So a positive trading update there from Morrisons. It said it's developing plans to start a new

00:57 chapter as it revealed a rise in sales as it made steady progress in 2023.

01:05 My name is Greg Wright and I'm the Deputy Business Editor of the Yorkshire Post.

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