Mar 13, 2019

Morrisons stocks up on 'cupboard fillers'

The boss of Morrisons has said the supermarket was stocking up on "Cupboard fillers" in preparations for a potential no-deal Brexit. Chief executive David Potts also said Morrisons was considering alternative routes to import goods if its usual supply lines experience delays. Morrisons also announced a third consecutive year of strong sales and profit growth. It reported an annual underlying pre-tax profit of £406m, up 8.6%. Like-for-like sales, which strip out stores open for less than a year, were up 4.8%, excluding fuel and VAT. The retailer said the results showed the Morrisons turnaround plan was "Well on track". The chain was ensuring it had enough "Cupboard fillers" for shoppers.

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