UK’s Morrisons keeps guidance as quarterly sales rise

LONDON (Reuters) – British supermarket group Morrisons on Wednesday kept its earnings guidance for the full 2022/23 year as it reported a 2.9% rise in third quarter underlying sales.

Morrisons, owned since 2021 by U.S.

private equity firm Clayton, Dubilier & Rice, said total sales, excluding fuel, rose 3.1% to 3.8 billion pounds ($4.6 billion) in the 13 weeks to July 30.

($1 = 0.8239 pounds)

(Reporting by James Davey; editing by Sarah Young)

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