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Morrisons toasts profit rise with special dividend

Updated: Apr 10, 2019

Morrisons on target with strong results. SUPR view:

  • Group LFL sales up 5%
  • Total revenue up 3%
  • Profit before tax up 10%
  • EPS up 8%
  • Further special dividend of 4p declared – full year total dividend up 25% to 12.6p 
  • Store impairments reversal £66m 
  • Wholesale partnership with McColl’s proving successful – on target with £700m sales achieved  Introduced in store pick model into 23 stores
  • Third consecutive year of sales and profit growth.
  • Total dividend up over 150% over the three years

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