By Rosie Shepard6 July 2021
Sainsbury’s has upgraded its profit outlook as it makes “good progress against the plan to put food back at its heart”.
Sainsbury’s recorded like-for-like sales up 1.6% in the first quarter to June 26 as all of its categories outperformed expectations.
Online grocery sales did particularly well, up 29%, while grocery sales in general inched up 0.8%.
Clothing sales also jumped 58%, while general merchandise sales dropped by 1.4% compared with last year’s elevated levels, but still performed better than expected.
Already have an account? Sign in here
Site powered by Webvision Cloud
If you would like to share the information in this article, you may use the headline, introduction and link below
Sainsbury’s has upgraded its profit outlook as it makes “good progress against the plan to put food back at its heart”.
https://www.retail-week.com/grocery/sainsburys-raises-profit-forecast-as-performance-better-than-expected/7040175.article