UK: Sainsbury to unveil significant sales growth slowdown
UK supermarket giant J Sainsbury is expected to report a significant slowdown in sales next Wednesday, leaving some analysts to wonder whether it will deliver on anticipated full-year profit forecasts. Sainsbury, which is second to Tesco in the UK supermarket sector, will unveil Q2 results that reveal a drop in sales growth to 4.5% from 6% in the first quarter, according to
UK supermarket giant J Sainsbury is expected to report a significant slowdown in sales next Wednesday, leaving some analysts to wonder whether it will deliver on anticipated full-year profit forecasts.
Sainsbury, which is second to Tesco in the UK supermarket sector, will unveil Q2 results that reveal a drop in sales growth to 4.5% from 6% in the first quarter, according to Sunday Business newspaper.
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