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Evening Standard

Holly Williams

Morrisons reveals £381m annual loss but hails solid festive trading

Morrisons Rami Baitieh

Supermarket Morrisons is owned by US private equity firm Clayton, Dubilier & Rice (Ian West/PA) - (PA Archive)

Supermarket Morrisons has revealed annual losses of £381 million after hefty borrowing costs but enjoyed a resurgent sales performance over Christmas.

The UK’s fifth largest grocery chain reported a £381 million pre-tax loss for the year to October 26 after it faced a £281 million interest bill on its debt mountain, although it said this was narrowed from losses of £414 million in 2023-24.

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