Sales rise at Morrisons amidst cost savings drive and difficult trading climate

Supermarket giant, Morrisons, has seen group like-for-like (LFL) sales rise by 2.1 per cent during quarter one 2024/25.

Total sales for the Bradford-headquartered business were up 2.4 per cent to £4bn.

Earlier this week, Morrisons, warned 365 of its workers are at risk of redundancy due to the business planning a raft of closures designed to accelerate growth, optimise its work and mitigate recent significant cost increases.

Rami Baitiéh, chief executive, said: “Despite a challenging environment, Morrisons has made exceptional progress in a very short time and that is entirely down to the hard work, positivity, talent and customer focus of the colleagues in our stores, in our food-making sites and in our operations across the country.

“As I outlined in January, the cyber attack on Blue Yonder caused a far reaching period of disruption across the businesses, affecting our stock accuracy, availability, waste and forecasting.

“Despite this I am very pleased that we are reporting an increase in like-for-like sales in the quarter of 2.1 per cent.

“In the quarter we delivered a further £56m of cost savings and we expect to deliver the remainder of our £700m target ahead of schedule in the second quarter.

“We are today increasing our target to £1bn which will help us offset cost headwinds, invest for customers and remain competitive in a fast changing market.”