3rd Jun 2009 09:00
Wm Morrison Supermarkets PLC - Change in Reporting of Sales Data
In order to remove the distorting effect of VAT changes on sales performance metrics, all sales data will in future be reported excluding VAT, whereas previously published sales data has included VAT. This will commence with the Q1 IMS statement for the 13 weeks ended 3rd May 2009, to be released on June 4th 2009.
To aid analysts in comparing past and future performance, the table below includes all published sales data for 2008/09, restated to exclude VAT.
2008/09 Sales Growth - inc and ex VAT
|
Q1 13 wks to 04/05/08 |
H1 26 wks to 03/08/08 |
Q3 13 wks to 02/11/08 |
Xmas 6 wks to 04/01/09 |
FY 52 wks to 01/02/09 |
|
|
Total sales - inc fuel |
|||||
|
ex VAT |
12.4% |
14.0% |
14.6% |
8.9% |
12.6% |
|
as reported inc VAT |
12.6% |
14.2% |
14.9% |
7.7% |
12.6% |
|
Total sales - exc fuel |
|||||
|
ex VAT |
8.8% |
9.3% |
9.6% |
10.4% |
9.6% |
|
as reported inc VAT |
8.6% |
9.2% |
9.5% |
9.4% |
9.3% |
|
LFL sales - inc fuel |
|||||
|
ex VAT |
10.7% |
12.2% |
13.0% |
7.8% |
11.1% |
|
as reported inc VAT |
10.8% |
12.5% |
13.3% |
6.6% |
11.1% |
|
LFL sales - exc. fuel |
|||||
|
ex VAT |
7.1% |
7.7% |
8.2% |
9.2% |
8.2% |
|
as reported inc VAT |
7.0% |
7.6% |
8.1% |
8.2% |
7.9% |
Enquiries:
Wm Morrison Supermarkets
Niall Addison - Investor Relations Director 07764 624701
Media Relations
Wm Morrison Supermarkets: Gillian Hall 0845 611 5359
Citigate Dewe Rogerson: Simon Rigby 020 7638 9571
Sarah Gestetner
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