Jobs are lost – but Morrisons turns a profit

MORRISONS has returned to profitability for the first time since its private equity-backed takeover in 2021, despite shedding over 3,600 jobs.

- BY JON ROBINSON

The Bradford-based supermarket giant reported a pretax profit of £2.1bn for the year ending October 27, 2024, according to newly-filed accounts at Companies House.

This is a significant turnaround from the pretax loss of £919m recorded in the previous 12 months and £1.3bn the year before that.

However, the company’s workforce was reduced from 104,819 to 101,144 during the last financial year.