U.K. supermarket Morrison's (MRWSF) has released its first half results. It failed to translate the lockdown comestibles sales surge into a profit boom. Although I remain down on U.K. supermarket stocks in general, the company's dividend remains a bright spot and offers at least some consolation to shareholders who may not see share price gains any time soon.
The COVID-19 Sales Boom Wasn't a Profit Boom
The surge in supermarket shopping which COVID-19 and the lockdown brought didn't translate into a surge in profit for supermarkets, due to things such as increased