Sainsbury's Half-Year Results: What The Analysts Said
Earlier today, Sainsbury's posted like-for-like sales growth of 0.6% in its first half, with grocery and general merchandise sales boosted by the UK's hot summer.
“We have delivered a solid first half performance and profit has increased because we have delivered significant Argos synergies ahead of schedule," commented Mike Coupe, Sainsbury's chief executive. "Sales of food and general merchandise were boosted by the hot summer, but general merchandise margins remain under pressure."
Here's how some leading retail analysts viewed Sainsbury's performance.
Try European Supermarket Magazine PREMIUM – 30 Day FREE Trial.
A trial subscription gives unrestricted access to all premium site content, app content, weekly email content and European Supermarket Magazine digital edition for a full 30 days. Try it now!