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.
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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.
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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.
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By GlobalDataClick 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.
