Excluding fuel, Sainsbury’s Q4 retail sales were down on a lfl basis vs. a 0.1% uptick over the Q3. Following this disappointing quarter, FY 2016/17 retail revenues declined by 0.6% on a lfl basis. Including fuel, this came in at 0.2%. Argos’s sales delivered strong 4.3% lfl growth. Together, Sainsbury’s and Argos’s lfl sales were by up 0.3%. Sainsbury continues to lag behind Morrisons, the latter’s sales impressed with 2.5% lfl growth over the last quarter and 1
17 Mar 2017
Retail sales still in trouble
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Retail sales still in trouble
J Sainsbury plc (SBRY:LON) | 271 0 0.0% | Mkt Cap: 6,422m
- Published:
17 Mar 2017 -
Author:
Ranya GNABA -
Pages:
2
Excluding fuel, Sainsbury’s Q4 retail sales were down on a lfl basis vs. a 0.1% uptick over the Q3. Following this disappointing quarter, FY 2016/17 retail revenues declined by 0.6% on a lfl basis. Including fuel, this came in at 0.2%. Argos’s sales delivered strong 4.3% lfl growth. Together, Sainsbury’s and Argos’s lfl sales were by up 0.3%. Sainsbury continues to lag behind Morrisons, the latter’s sales impressed with 2.5% lfl growth over the last quarter and 1