UK: Sainsbury's reports record Christmas
- Sainsbury's Q3 LFLs, ex-fuel, rose 3.6%
- Market share reached 16.6%
- Opened 700,000 sq ft of new space
Sainsbury's said that transactions in the week of Christmas reached an "all time high"
Sainsbury's has recorded a 3.6% increase in third-quarter sales, as the UK grocery retailer today (12 January) posted a record Christmas performance.
Despite the snowy weather, Sainsbury's said that transactions in the week of Christmas reached an "all time high" of over 24.5 million.
For the quarter ended 8 January, Sainsbury's like-for-like sales were up 3.6%, excluding fuel. Its total sales, excluding fuel, rose 6%. and it said that it grew market share by 0.3% over the quarter to 16.6%.
Kantar Worldpanel market-share data for the 12 weeks to 26 December showed Sainsbury's remained the UK's third-largest food retailer, with the company accounting for 16.6% of the country's grocery market. Asda, the UK arm of Wal-Mart Stores, held 16.8% of the market, Kantar said.
Sainsbury's opened some 700,000 square foot of new space over the quarter, with 11 new supermarkets, 12 new convenience stores, 14 extensions and 16 store refurbishments.
Despite the strong results, shares in the retailer fell in early trading, down just under 1% at 08:57 GMT to 386.6p a share.
Click here for the retailer's full earnings statement. Click here for Sainsbury's comments on its Christmas trading - and here for chief executive Justin King's warning to suppliers on commodity costs.
The creation of a Groceries Code Adjudicator has been opposed by nine of the ten UK retailers which it would be overseeing. Ben Cooper suggests their position does not sit well with much-vaunted prono...
Despite being recommended by an Office of Fair Trading inquiry in 2008, the UK is still awaiting the establishment of an ombudsman to police the relationship between supermarket chains and their suppl...
The tussle over Brazil's largest retailer rumbled on this week, while Nestle's interest in Chinese confectioner Hsu Fu Chi gave industry watchers something to chew over. Meanwhile, away from the emerg...
- Danone's Q1: four things to learn
- Who will buy Danone's Stonyfield business?
- Column: Why snacking is the new meal
- Nestle Q1 update: four things to learn
- Opinion: Big Food needs to think radically
- Nestle to cut UK confectionery jobs
- PepsiCo affirms full-year target as Q1 hits mark
- Tyson to buy burger-to-entree firm AdvancePierre
- Tyson shops Sara Lee bakery, Kettle and Van's
- TreeHouse Foods sells soup, baby food units