Sales at Morrisons have dipped again, with total sales excluding fuel down 2.0% and like-for-likes down 2.6% in the 13 weeks to 1 November.
However, chief executive David Potts said the group was “making good progress in many areas.”
“We continue to invest in lower prices. As a result, deflation excluding fuel was 2.2% for the period and is now 5.3% on a two year basis. We again reduced the number of vouchers, which impacted year-on-year Q3 sales by 2.4% and by more towards the end of the quarter.
“The business is moving at pace on the long journey towards improving the shopping trip for customers,” he said.
The company’s priorities were “to stabilise trading, reduce costs and further improve the capability of the leadership team” he added.
Morrisons’ like-for-like sales from its online operation rose 1% in the third quarter.
In September it reported a 35% drop in fast half profits to £117m and a 2.7% drop in like for like sales. It also sold off 140 M Local convenience stores to industry veteran Mike Greene.
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