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Outlook statement will be closely watched when WM Morrison Supermarkets reports on 9 March
Thursday 02 Mar 2017 Author: James Crux

Thursday 9 March

Bradford-based grocer WM Morrison Supermarkets’ (MRW) full year results on 9 March will be watched closely for the outlook statement. Forecasts were upgraded following a fabulous festive trading update (10 Jan), which revealed 2.9% like-for-like sales growth over the nine weeks to 1 January. This represented the recovering supermarket’s strongest Christmas performance for seven years. Chief executive David Potts upgraded full year profit before tax guidance to a £330m-to-£340m range, which will be the first increase in profit delivered since 2011.

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