Morrisons blames ‘very challenging’ trading environment for sales drop
Supermarket giant Morrisons has blamed surging inflation and subdued customer sentiment for a drop in second-quarter sales.
For the 13 weeks to May 1, the grocer said sales excluding fuel dropped 6.4% year-on-year, although Morrisons did not provide a total sales figure.
Sales including fuel were up 2.5% to more than £4.5bn – this was driven by a 54% increase in fuel sales.
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