Sainsbury’s chief executive Justin King this morning (16 June) claimed that the UK’s number three grocer had performed “ahead of the market” during its first quarter.
The retailer booked a 1.1% rise in like-for-like sales, excluding fuel but including VAT, for the 12 weeks to 12 June.
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King said: “We have made a good start to the financial year in line with our expectations. While we continue to expect the consumer environment to remain challenging, our universal customer appeal, unique loyalty offer and accelerated growth strategy mean we are well placed to make continued good progress.”
Yesterday, Tesco, the UK’s largest grocer, reported a 0.1% rise in like-for-like sales excluding fuel and adjusted for VAT for the 13 weeks to 30 May.
Click here for the full statement from Sainsbury’s and click here to read why Sainsbury’s boss is cautious about UK consumer sentiment.
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