Sainsbury's reports rise in sales

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  • xman
    Admin
    • Sep 2006
    • 24007

    Sainsbury's reports rise in sales

    </span> Sainsbury's said its results showed the firm was continuing to perform well
    Sainsbury's has reported an increase in half-year sales, saying it is continuing to perform strongly despite "challenging" trading conditions.

    For the six months to 2 October, its like-for-like sales excluding fuel - which strips out the impact of new store openings - increased by 2%.

    For the most recent three months, its sales under the same measure rose 2.9%.

    The trading update comes a day after Tesco said its half-year, like-for-like non-petrol UK sales rose by 1.2%.

    Sainsbury's said its smaller convenience stores had continued to perform well, and were now achieving annual sales of &pound;1bn.

    It added that its online sales were also still rising strongly.

    The supermarket group is also continuing to add new stores, while extending a number of its existing outlets.

    Chief executive Justin King said Sainsbury's had delivered "another strong performance".

    Sainsbury's total sales were up 7% for the half-year, and by 6.6% for the second quarter.

    Tesco's total sales for its half-year added 8.3%.

    Tesco also reported a 12.5% increase in six-month pre-tax profits. Sainsbury's has not released any profit figures in its latest trading update.

    This article is from the BBC News website. ? British Broadcasting Corporation, The BBC is not responsible for the content of external internet sites.


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