BRADFORD (dpa-AFX) - Wm Morrison Supermarkets Plc (MRW.L) issued interim management statement for the first quarter.
The company stated that the economic environment for the consumer has remained challenging, with the high price of oil and other commodity prices putting pressure on disposable incomes. Against this backdrop Wm Morrison continued to keep prices low for its customers without compromising on quality.
In the quarter, total sales excluding fuel were up by 1.5% and like for like sales were down 1.0%.
Looking forward, the company said its performance in the first quarter was broadly in line with its expectations and its financial outlook for the year remains unchanged.
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© 2012 AFX News
