HOW WOULD YOU RATE WM MORRISON’S PERFORMANCE?
NICK BUBB PALI INTERNATIONAL
The results were in-line with expectations, but that shouldn’t take anything away from what was a very good performance. Dare I say it, it was better than Sainsbury’s. The stores they bought from the Co-operative Group opened earlier than expected, and that bodes well for the longer-term push into smaller stores.
SAM HART CHARLES STANLEY
The group continues to deliver market-leading sales growth. Like-for-like sales growth has started to slow, and much of that slowdown comes probably because of the lower levels of food-price inflation making it much more difficult for them to deliver such impressive growth. But the firm will stay ahead of Sainsbury’s and Tesco.
RICHARD HUNTER HARGREAVES LANSDOWN
The near eight per cent rise in sales and the overall 22 per cent rise in pre-tax profits is a commendable performance. In all, prospects remain promising even though the fiercely competitive marketplace and the company’s reliance on the UK market are lingering concerns. The company remains on the “buy” list.