Morrisons sees LFL sales slip in first quarter

Supermarket group Morrisons has said that its financial outlook for the year ending January 2013 remains unchanged despite like-for-like (LFL) sales falling in the first quarter.

Supermarket group Morrisons has said that its financial outlook for the year ending January 2013 remains unchanged despite like-for-like (LFL) sales falling in the first quarter.

In the 13 weeks to April 29th, the retailer said total sales (excluding VAT and fuel) rose by 1.5%. When including fuel, sales were 3.1% higher. However, LFL sales (excluding VAT and fuel) fell by 1.0%, but rose 0.9% including fuel.

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