Morrisons hails ‘broad based progress’ as profits and revenues jump

Morrisons bakery

Source: Morrisons

The grocer’s turnaround looks to be gathering pace as it reported strong Christmas trading and full-year profits and revenues both climbing.

For the 52 weeks ending October 27, 2024, Morrisons underlying EBITDA soared 11.2% to £835m, while full-year total revenues jumped 3.8% to £15.3bn, while group like-for-like sales for the full-year period were up 4.1%.

 

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