Sainsbury Reports Marginal Growth in Christmas Sales
January 11 2017 - 2:52AM
Dow Jones News
By Tapan Panchal
LONDON--J Sainsbury PLC (SBRY.LN) Wednesday reported marginal
growth in same store sales for the third quarter of fiscal 2017,
which includes the key Christmas trading period, and said that the
impact of sterling devaluation remains uncertain.
The U.K.'s second-biggest supermarket chain by market share said
like-for-like retail sales, excluding fuel, for the 15 weeks ended
Jan. 7 rose by 0.1%. Total retail sales, excluding fuel, were up
0.8%.
The company, which last year acquired Argos owner Home Retail
Group PLC, said same store sales for Argos were up 4.0% in the
quarter. Combined Sainsbury and Argos like-for-like sales,
excluding fuel, were up 1.0%.
Tesco PLC, the country's biggest grocer, is slated to report its
Christmas performance on Thursday. On Tuesday, another grocer Wm.
Morrison Supermarkets PLC reported its best Christmas trading in
seven years.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
January 11, 2017 02:37 ET (07:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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