Sainsbury’s, the UK’s third-largest grocer, today (8 October) booked a 3.9% rise in like-for-like sales for the first half of its fiscal year after sales accelerated during its second quarter.
Go deeper with GlobalData
The company said like-for-like sales, excluding fuel, for the six months to 4 October were up 3.9%. Second-quarter sales by the same measure rose 4.3%. That growth was up from the 3.4% reported in Sainsbury’s first quarter.
Chief executive Justin King said economic conditions remained “particularly challenging”. He said: “We expect this to continue throughout the second half, but we have developed the Sainsbury’s offer to perform in these conditions.”
King said Sainsbury’s had expanded its Basics own-label range and “refocused” its promotional efforts.
“During the quarter we continued to develop our offer to help customers manage tighter budgets without the need to sacrifice food quality. Customers have responded well and transaction numbers continue to grow,” King said.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataGroup sales, including fuel, were up 8.3% during Sainsbury’s first half.
Sainsbury’s will announce its interim results on 12 November.
