November 6, 2018 / 7:13 AM / 8 days ago

Morrisons' run of sales growth hits three years

LONDON, Nov 6 (Reuters) - Morrisons, Britain’s fourth largest supermarket group, on Tuesday reported another rise in quarterly underlying sales, though its rate of growth slowed a touch from a warm weather boost in the second quarter.

The Bradford, northern England, based grocer said total like-for-like sales, excluding fuel, rose percent 5.6 percent in the 13 weeks to Nov. 4, its fiscal third quarter - a twelfth straight quarter of underlying growth.

The performance compared to analysts’ average forecast of growth of 6.1 percent and growth in the previous quarter of 6.3 percent, which, helped by hot weather and the soccer World Cup, was its best sales performance in nine years.

Morrisons said it had expected a slight easing in like-for-like sales. (Reporting by James Davey; editing by Sarah Young)

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