Morrisons - comment
A commendable set of Q4 (Oct 2025) results from Morrisons in a tough trading environment. The Q4 and FY Revenue figure is in line with our model and reflect a strong Q4 (FYE 10/2025). Christmas period sales were also ahead of the market. The full release is not yet available, and we will provide a more detailed update after the FYE 25 call at 11 AM London time