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Wm Morrison Warns War and Inflation Could Hurt Profit and Sales

A Morrisons supermarket, operated by Wm Morrison Supermarkets Plc, in Saint Ives, U.K.

A Morrisons supermarket, operated by Wm Morrison Supermarkets Plc, in Saint Ives, U.K.

Photographer: Chris Ratcliffe/Bloomberg

WM Morrison Supermarkets warned that a deterioration in the geopolitical environment in Europe, rising inflation and waning consumer sentiment could hurt its sales and profit this year. 

Britain’s fourth largest grocer, recently acquired by U.S. private equity group Clayton Dubilier & Rice LLC, said “increasing inflationary pressure” has affected the wider grocery market and its own performance since February, in an investor update published Monday.