Get the app today! Download iPhone App Download Android App

Sainsbury's Half-Year Results: What The Analysts Said

Published on Nov 8 2018 1:09 PM in Retail tagged: Featured Post / Sainsburys / Asda / Analysts / Bernstein Research / What The Analysts Said / Paywall / AJ Bell / Money.co.uk

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.

please subscribe or sign in to continue reading

image description

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!

Share on Facebook Share on Twitter Share on Google+ Share on LinkedIn Share on Tumblr Share via Email