Core Insights - Morrisons has reported a 3% increase in like-for-like (LFL) sales for the third quarter, marking the eleventh consecutive quarter of growth despite challenging macroeconomic conditions [1][2][4] - Total sales rose by 3.5% to £4 billion ($5.43 billion), with online sales experiencing double-digit LFL growth during the quarter [1][2] - The company achieved an additional £63 million in cost savings and aims for a total of £1 billion in savings by the end of the 2026 financial year [2][4] Financial Performance - Morrisons reduced gross debt by £261 million, bringing total debt repayment since the acquisition by CD&R to £2.7 billion, a reduction of approximately 43% from £6.2 billion to £3.5 billion [3][4] - The company has proactively extended debt maturities to 2031, indicating a focus on improving its capital structure [3] Market Position - The retailer's market share has remained stable since the beginning of the year, reflecting resilience in a competitive environment [2]