Morrisons posts 3% like-for-like sales increase as online sales surge

British supermarket Morrisons has recorded a rise in like-for-like (LFL) sales, supported by a strong online showing despite a "background of rising inflation and challenging macroeconomic conditions".

In a trading update for the 13 weeks to 27 July 2025, the group reported a 3% uplift in group LFL sales. Overall sales climbed 3.5% to £4bn ($5.43bn).

Online sales delivered particularly strong results, with double-digit LFL growth during the quarter.

Morrisons CEO Rami Baitiéh said: “Against a background of rising inflation and challenging macroeconomic conditions like-for-like sales grew by 3% in our third quarter, making it our eleventh consecutive quarter of like-for-like sales growth. Our market share was stable, as it has been since the start of the year.”

The retailer also secured an additional £63m in cost savings during the period and reiterated its plan to reach £1bn of savings by the end of the 2026 financial year.

Morrisons completed what it described as a “successful” refinancing and reduced gross debt by a further £261m.

Morrisons CFO Jo Goff said: “We delivered a resilient performance in Q3 in tough market conditions and with significant external cost headwinds. We also made further progress with our capital structure, completing a material refinancing, which further reduced gross debt, and proactively extended maturities to 2031.

“We have now repaid a total of £2.7bn of debt since the acquisition of the business by CD&R, bringing the current debt figure down by around 43% from £6.2bn to £3.5bn.

“As we continue to face into significant cost headwinds we are also making good progress with our cost reduction programme and remain confident of reaching our recently increased target of £1bn in total cost savings by the end of FY26.”

"Morrisons posts 3% like-for-like sales increase as online sales surge" was originally created and published by Retail Insight Network, a GlobalData owned brand.

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