LONDON May 4 Morrisons, Britain's
fourth biggest supermarket operator, beat forecasts as it
reported a sixth consecutive quarter of underlying sales growth,
reflecting continued improvement in the way its stores are run.
The Bradford, northern England, based company also said on
Thursday that its expectations and guidance for the 2017-18 year
Morrisons said sales at stores open over a year, excluding
fuel, rose 3.4 percent in the 13 weeks to April 30, its fiscal
That compared to analysts' average forecast of growth of 1.8
percent and growth in the previous quarter of 2.5
Total sales, excluding fuel, increased 2.8 percent.
“Our new financial year has started well," said Chief
Executive David Potts.
(Reporting by James Davey; Editing by Susan Fenton)