Overview

• Morrisons posted a £2.1bn pre-tax profit for the year to October 2024, reversing two years of losses under Clayton, Dubilier & Rice ownership
• The sale of 337 petrol forecourts to Motor Fuel Group generated a £2.6bn gain that propelled the overall profit
• Excluding the petrol forecourts deal, the supermarket recorded a £538m loss before tax in its continuing operations
• Total revenue fell from £18.3bn to £17bn amid intense price competition in the UK grocery market
• Like-for-like sales rose 3.9% in the second quarter of 2025 as Rami Baitiéh’s value-focused pricing strategy gained traction