Sainsbury's sees strong sales in fourth quarter

(Source: Reuters)

Sainsbury's has reported sales figures for the 10 weeks to 16 March that sees sales up (release).

  • Total sales for fourth quarter up 7.1 per cent (6.3 per cent excluding fuel)
  • Like-for-like sales for fourth quarter up 4.2 per cent (3.6 per cent excluding fuel)
  • Like-for-like sales for year up 2.1 per cent (1.8 per cent excluding fuel)
  • Weekly customer transactions increased by over 800,000 year-on-year
Chief executive Justin King said:
Justin King, Chief Executive, said, “We have delivered strong sales in the fourth quarter, increasing market share and outperforming in what remains a tough retail environment. Over the quarter, we grew customer transactions to 22.9m per week, serving more customers than ever. Valentine’s Day and Mother’s Day were both particularly strong this year, and we closed the quarter with a very successful Red Nose Day, presenting a record cheque for £10.5m on behalf of customers and colleagues.