Morrisons has today updated investors on Q2 trading for the 13 weeks ended 26 April 2026.
Highlights
- Group like-for-like (LFL) sales up 2.2%, our 14th consecutive quarter of LFL growth
- Total sales up 1.7% to £4 billion
- Underlying EBITDA for H1 up 5.7% to £323 million
- Unique vertically integrated model and market leading fresh food deals drive strong performances at key seasonal events - Valentine’s Day, Mother’s Day and Easter
- Good further progress in Online, with Morrisons Now delivering double digit sales growth
- Further 30 new Morrisons Daily franchise stores opened in Q2, making a total of 52 for the first half, with plans for hundreds more in the years ahead
- More Card active users increased to 8 million, with more personalised offers delivering record redemption rates
- Further £48 million of cost savings delivered in the quarter, taking the total to £942 million since the start of the programme, nearing our £1 billion target
Rami Baitiéh, Chief Executive, said:
“We continued to make good progress against our priorities in Q2. In a highly competitive market, we’re focusing hard on delivering the best value for customers to give them more reasons to shop at Morrisons.
“Against the challenging backdrop, I’m pleased with the performance we have delivered in Q2; a fourteenth consecutive quarter of like-for-like sales growth; underlying EBITDA up, strong improvements in customer experience in our Supermarkets, Cafes and Online with significant increases in net promoter score; good further progress with our cost saving programme and market share on an improving trend.
“Trading conditions remain highly competitive. We have made an encouraging start to the third quarter and have strong plans in place to make the most of the World Cup and Father’s Day.
“While more recent international news creates some grounds for optimism, we continue to monitor the impact of input inflation very closely and we remain committed to doing whatever we can to help keep prices down for customers.”