Sainsburys like for likes rise
Underlying like-for-like sales by 4.3% in the quarter to end September.
Total sales for the 16 weeks to 4 October increased by 8.4 per cent (5.3 per cent excluding fuel) Like-for-like sales for the second quarter were up by 7.5 per cent (4.3% excluding fuel). During the first like-for-like sales rose by 7.4 per cent (3.9 per cent) excluding fuel.
Justin King, chief executive, said: ‘This is a good result and given the current environment shows how the strength and broad appeal of the Sainsbury’s brand has improved substantially during the past four years. Like-for-like sales growth, excluding fuel, of 4.3 per cent over the summer quarter and 3.9 per cent for the first half, demonstrates that Sainsbury’s universal offer is meeting our customers’ expectations for great quality and excellent value. We continue to drive improvements throughout the business and our service measures demonstrate that we continue to do a great job for our customers.
