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Sainsbury?s has kept pace with rival Tesco after posting
a rise in second-half sales of almost 4%.
Like-for-like sales excluding fuel were up by 4.3% for
the quarter, contributing to a rise of 3.9% for the past
six months.
Total sales for the quarter, including fuel, rose by
more than 8% over the equivalent three-month period last
year, thanks in part to inflation. Online sales,
meanwhile, surged by 25% over the quarter.
?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,? said chief executive Justin King.
?Like-for-like sales growth, excluding fuel, of 4.3%
over the summer quarter and 3.9% 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.?
The news comes after Tesco, the UK?s largest supermarket
retailer, last week unveiled first-half sales growth of
3.7% on a like-for-like basis, in what boss Sir Terry
Leahy called ?a pretty solid performance?.
Sainsbury?s will confirm its first-half results on 12
November.
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