In the financial year 2020/21 ending on January 31, 2021, Morrisons generated a turnover of almost 17.6 billion British pounds in the United Kingdom. As a rough reference, the entire grocery market in the UK was estimated to be worth 212 billion pounds in 2021.
Morrisons presence in the UK
Wm Morrison Supermarkets plc primary business is grocery retail. However, the company owns 18 manufacturing sites for fresh food, which makes the company the second largest fresh food manufacturer in the UK. Besides its almost 500 stores the company also operated 339 petrol stations and was the 8th largest petrol station operator in the UK in 2020.
Morrisons’ performance
The company operated at a net profit before exceptionals of 651 million pounds. However, net profits were cut in half between 2012 and 2016 and have only slightly recovered since then. The coronavirus pandemic had a profound effect on the grocery market and Morrisons; after struggling with sinking sales in the second half of 2019, the company saw unprecedented growth throughout 2020.
Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21
(in million GBP)
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Morrisons. (February 1, 2022). Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21 (in million GBP) [Graph]. In Statista. Retrieved November 22, 2024, from https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/
Morrisons. "Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21 (in million GBP)." Chart. February 1, 2022. Statista. Accessed November 22, 2024. https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/
Morrisons. (2022). Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21 (in million GBP). Statista. Statista Inc.. Accessed: November 22, 2024. https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/
Morrisons. "Morrisons Annual Turnover in The United Kingdom from Financial Year 2009/10 to 2020/21 (in Million Gbp)." Statista, Statista Inc., 1 Feb 2022, https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/
Morrisons, Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21 (in million GBP) Statista, https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/ (last visited November 22, 2024)
Morrisons annual turnover in the United Kingdom from financial year 2009/10 to 2020/21 (in million GBP) [Graph], Morrisons, February 1, 2022. [Online]. Available: https://www.statista.com/statistics/382306/morrisons-turnover-united-kingdom-uk/