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UK’s Morrisons Sees Boosted Core Earnings

The supermarket chain credits competitive prices and customer loyalty for boost

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PHOTOGRAPHY: Wirestock/iStock.com

Supermarket chain Morrisons (Bradford, England) announced its core earnings were up 6.5 percent in 2023.

Competitive prices in the grocery and supermarket sector and a new customer loyalty improved its sales, according to the company. Morrisons has been owned by U.S. private equity group Clayton, Dubilier & Rice since 2021. 

“We are developing plans to reinvigorate, refresh and strengthen Morrisons,” Morrisons CEO Rami Baitiéh said Wednesday.

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