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

Published on Jan 8 2020 11:00 AM in Retail tagged: Featured Post / Sainsburys / Barclays / Shore Capital / Bernstein / Paywall / AJ Bell / Retail Economics / What The Analsyts Said

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

Sainsbury's has posted a 0.7% dip in like-for-like sales in the third quarter of its financial year, with marginal grocery growth (+0.4%) dragged down by negative general merchandise sales (-3.9%).

Commenting on the retailer's performance, chief executive Mike Coupe said, “We gave our customers a great combination of quality food at good prices this Christmas and we delivered a standout performance operationally."

Here's how leading retail analysts viewed its performance:

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