Morrisons eyes stronger profits ahead as sales growth slows

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Morrisons has reported a sharp slowdown in quarterly sales growth, but forecast stronger annual profits as coronavirus-related costs begin to unwind

Morrisons said of the outlook:"We have made a good start to 2021/22, with robust LFL sales against tough year-on-year comparatives.

"We are also looking forward to the lost profit gradually returning at our cafés from when they reopen next week."Chief executive David Potts added:"The pandemic is not yet over, but it is in retreat across Britain and there is much to be positive about as something approaching normal life begins to take shape.

 

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