Delivering its first quarter results, UK retailer Sainsbury’s revealed that its like-for-like sales growth has slowed over the past three months.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more


Like-for-like sales, excluding fuel, increased by 3.4% in the three months to 14 June, compared to an increase of 4.1% in the previous quarter.


Including fuel, like-for-like sales were up 7.3% thanks to the rising price of petrol and diesel.


In what the company described as a “challenging economic environment” Sainsbury’s said that it had seen strong sales growth of its “basics” value-end own brand range.


“Our universal appeal provides customers with great quality products whatever their budget. We have enhanced our promotional offer, providing clear and simple deals for customers, further expanded our “basics” range which continues to show strong sales growth, and launched our ‘Feed your Family for a Fiver’ campaign,” CEO Justin King commented.

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.

Company Profile – free sample

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 GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Sainsbury did not say how much of the sales growth can be attributed to volume growth and how much to price hikes.  


“The majority of Sainsbury’s growth in the first quarter was inflation led,” Shore Capital’s Clive Black told just-food.


UK government inflation figures released yesterday showed food prices were up 8.7% year-on-year in May.


Sainsbury’s said that its online sales continued to grow, with sales increasing 40%, while Black observed that the group “is making reasonable progress in non-food”.


Looking to the remainder of the year, King was cautiously optimistic.
 
“Whilst we anticipate that the environment will remain challenging, we operate from a strong financial position,” he commented.