Morrisons has beaten its results forecasts with a big rise in Q1 underlying sales.
In the 13 weeks to May 3, total sales excluding fuel were up by 9.2 per cent (5.7 per cent including fuel).
Like-for-like sales excluding fuel and VAT at stores open for longer than a year rose 8.2 per cent in the 13 weeks to May 3.
The UK’s fourth-largest supermarket chain said it was a “particularly good result”, especially as most analysts had predicted growth below 7.5 per cent.
A statement said: “The board is encouraged by the progress of the business at this early stage of the year.
“Performance in the first quarter has been in line with our expectations, and our financial outlook for the year remains unchanged.”
Morrisons attributes its growth to shoppers switching from “premium food retailers”.
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