Insight ReportSainsbury (LSE: SBRY) 2Q17 Results: Sales Decline Worsens, Comps Miss Consensus Coresight Research September 29, 2016 Executive Summary The UK’s second-largest grocery retailer, J. Sainsbury, reported 2Q17 comps down 1.1%, trailing the consensus of (0.8)%. Total sales were down 0.4%. Total sales growth and comparable sales growth both recorded a sequential weakening from 1Q17, while rivals Tesco and Wm Morrison are reporting strengthening performances. Newly acquired Argos posted sales up 3.0% in total and up 2.3% on a comparable-store basis. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Innovator Profile: Nectar Social—Elevating Consumer Engagement Through Agentic Social CommerceAI Underpins the Tech-Driven Shift in US Grocery, from Smarter Forecasting to Faster CheckoutAgentic Commerce—How Should Retailers Leverage GEO to Maximize AI-Engine Visibility?High-Income Consumers Turn Optimistic About Economy; Plus, Inflation Awareness Declines: US Consumer Survey Insights
