Key facts
- Morrisons reported like-for-like sales growth of 3.0% for the 13 weeks ended July 27, 2025.
- Total sales increased by 3.5% to £4.0 billion in the third quarter.
- Online sales saw double-digit like-for-like growth.
- The grocer introduced over 400 new products as part of a range reset.
- Morrisons cut prices on 650 everyday items.
- The company has reduced its gross debt by £2.7 billion since its acquisition, bringing it to £3.5 billion.
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.