Wm Morrison sales growth slows

6th May 2010 07:16

Supermarket group Wm Morrison saw sales growth slow in the first-quarter and warned that it remains cautious on the economic environment and consumer spending.In the 13 weeks to 2 May, like for like sales grew by 0.8% (5.2% including fuel), with total sales excluding fuel up by 5.9% (9.5% including fuel). Wm Morrison's net debt position remains in line with expectations. "The group has continued to grow share in the first quarter, although the new financial year has seen the anticipated slowdown in the market," it said in a short statement."Although we remain cautious on the economic environment and consumer spending, our expectations for the current year remain unchanged."