Sainsbury: target confirmed after year-end in line
(CercleFinance.com) - Sainsbury announced on Friday that it had gained market share over the crucial festive period, altough this did not prevent the UK's second-largest retailer from losing ground on the London Stock Exchange this morning.
The supermarket chain said its total sales for the 16 weeks to 4 January had risen by 2.8% excluding fuel, against a consensus forecast of 3.3%.
Food sales rose by 4.1%, while clothing and general merchandise sales fell by 0.1%.
For FY 2024/2025, the group says it expects recurring operating profit to be in line with consensus, in the middle of its target range of £1.01bn-to-£1.06bn.
Like Tesco and Marks & Spencer, which yesterday suffered profit-taking following their Christmas trading update, Sainsbury shares were down over 3% this morning, after gaining over 14% between mid-December and early January.
Copyright (c) 2025 CercleFinance.com. All rights reserved.
The supermarket chain said its total sales for the 16 weeks to 4 January had risen by 2.8% excluding fuel, against a consensus forecast of 3.3%.
Food sales rose by 4.1%, while clothing and general merchandise sales fell by 0.1%.
For FY 2024/2025, the group says it expects recurring operating profit to be in line with consensus, in the middle of its target range of £1.01bn-to-£1.06bn.
Like Tesco and Marks & Spencer, which yesterday suffered profit-taking following their Christmas trading update, Sainsbury shares were down over 3% this morning, after gaining over 14% between mid-December and early January.
Copyright (c) 2025 CercleFinance.com. All rights reserved.