Morrisons reported a 3.0% rise in like-for-like sales for the 13 weeks ended July 27, 2025, marking its eleventh consecutive quarter of growth. The grocer also announced it has delivered an additional £63 million in cost savings, bringing it closer to its £1 billion target by the end of fiscal year 2026. The company has reduced its gross debt by £2.7 billion since its acquisition.
Morrisons' sustained sales growth and progress on cost savings and debt reduction are crucial for its financial stability and competitive positioning in the UK grocery market, especially amid ongoing food price inflation and macroeconomic challenges.
Morrisons has reported faster sales growth in its third quarter, driven by a 3.0% increase in like-for-like sales and double-digit growth in its online business. The grocer is also making significant progress on cost savings and debt reduction.
For the 13 weeks ended July 27, 2025, Morrisons' like-for-like sales grew by 3.0%, marking its eleventh consecutive quarter of growth. Total sales rose 3.5% to £4.0 billion. The company highlighted strong performance in new product development, including over 400 new items as part of its largest Fresh range launch in a decade, and recent price cuts on 650 everyday items.
Morrisons has delivered an additional £63 million in cost savings during the period and remains on track to achieve its target of £1 billion in total cost savings by the end of fiscal year 2026. The company also announced a further £261 million reduction in gross debt through a successful refinancing, bringing the total debt reduction to £2.7 billion since its acquisition by CD&R, from £6.2 billion to £3.5 billion.