Sainsbury’s raises profit forecast as performance ‘better than expected’

Sainsbury's Edinburgh

Sainsbury’s recorded like-for-like sales up 1.6% in the first quarter to June 26 as all of its categories outperformed expectations.

Online grocery sales did particularly well, up 29%, while grocery sales in general inched up 0.8%.

Clothing sales also jumped 58%, while general merchandise sales dropped by 1.4% compared with last year’s elevated levels, but still performed better than expected.

 

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