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Edge16 Oct 2026
Winner, Winner: The Chicken McNugget Story
How a 1940s breeding contest, a Cornell food scientist, and a hedge by Ray Dalio helped McDonald's turn the Chicken McNugget into a fast-food icon.
Wm Morrison Supermarkets
Wm Morrison Supermarkets (WMS) investor relations material
Wm Morrison Supermarkets has been acquired
Wm Morrison Supermarkets Q3 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2026 earnings summary16 Sep, 2026
Executive summary
Achieved robust Q3 performance with 3.2% like-for-like sales growth, marking the fifteenth consecutive quarter of LFL growth.
Total sales reached £4.1 billion, with market share increasing year-over-year.
Growth was broad-based across Supermarkets, Online, Convenience, Pharmacy, and manufacturing segments.
Financial highlights
Group LFL sales up 3.2% compared to the same quarter last year.
Total sales for the quarter were £4.1 billion.
Delivered £53 million in cost savings in Q3, totaling £995 million since the start of the program.
Debt reduced by 46% since 2022, with no near-term maturities.
Outlook and guidance
A strong start to Q4, with preparations underway for Halloween and year-end trading.
Raised working capital improvement target to £750 million, reflecting ongoing confidence.
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Latest events from Wm Morrison Supermarkets
- EBITDA held steady at GBP 835 million as sales grew and debt fell despite major cost headwinds.WMS
Q4 2025 - Strong sales and EBITDA growth, reduced debt, and positive outlook despite cost pressures.WMSQ4 2024
- Q2 delivered 4.1% like-for-like sales growth, 16% EBITDA growth, and 35% debt reduction.WMSQ2 2024
- Sales, profit, and margins rose in Q3, with debt sharply reduced and strong Q4 momentum expected.WMSQ3 2024
- Sales grew 2.4% to £4bn, EBITDA rose, and cost savings target increased to £1bn.WMSQ1 2025
- Q2 2025 delivered 4.2% sales growth, 3.9% LFL gains, and raised cost-saving targets.WMSQ2 2025
- Sales up 3% to £4.0bn, online leads, debt cut by £261m, cost headwinds persist.WMSQ3 2025
- Like-for-like sales rose 2.8% and EBITDA increased 7%, with strong cost savings and online growth.WMSQ1 2026
- Q2 delivered 2.2% like-for-like sales growth, higher EBITDA, and strong cash flow amid tough conditions.WMSQ2 2026
Wm Morrison Supermarkets
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