Top line growth fails to wow at Sainsbury

The keenly awaited trading update for supermarket group Sainsbury proved a bit anti-climactic with like-for-like (LFL) sales growth below expectations.

The keenly awaited trading update for supermarket group Sainsbury proved a bit anti-climactic with like-for-like (LFL) sales growth below expectations.

LFL sales in the 12 weeks to June 9th were up 1.4% on the corresponding period of last year, below market expectations of growth of between 1.6% and 2.0%.

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