Like-for-like sales (LFL) growth at Sainsbury has been stronger than the market had been expecting in the supermarket group's fourth quarter.
LFL sales in the 10 weeks to March 17th were up 2.5% year-on-year, or 2.6% excluding fuel. The market has been expecting growth of 2.1%.
Total sales for the fourth quarter were up 4.6% (5.1% excluding fuel) on the corresponding period of the previous year.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Sign up to Money Morning
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don't miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Sainsbury's convenience, online and non-food operations are all growing ahead of the market, Sainsbury claimed.
More to follow ...
jh
-
Trouble brews in B&M as bargain shops take a hitOpinion Once a stock market darling, B&M's share price has slumped. What has gone wrong for bargain shops?
-
US and China reach a ceasefire in their trade war after talks in LondonThe US and China's trading relationship – the most important one in the global economy – is back on track. Will the truce last?
