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Supermarket primed for profit uplift
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.