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Sainsbury's First-Quarter Results – What The Analysts Said

Published on Jul 1 2020 2:19 PM in Retail tagged: Trending Posts / Sainsburys / Barclays / Shore Capital / GlobalData / What The Analysts Said / Paywall / AJ Bell / Asktraders.com

Sainsbury's First-Quarter Results – What The Analysts Said

Sainsbury's reported a 10.5% increase in grocery sales in the first quarter of its financial year, with the retailer more than doubling its digital sales during the period.

Commenting on the group's performance, newly-appointed chief executive Simon Roberts said, “The coming weeks and months will continue to be challenging for our customers and our colleagues and we do not expect the current strong sales growth to continue."

Here's how leading industry analysts viewed the retailer's performance:

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