Insight Report 4 minutes PremiumSainsbury (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. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Earnings Insights 4Q23, Week 4: Gildan Activewear, Sprouts Farmers Market and Walmart See Strong Sales Growth; The Home Depot Sees a DeclineMore Consumers Visit Open-Air Shopping Centers as Seasons Change: US Consumer Survey InsightsSecondhand Chic: US Fashion Resale Market Growth Driven by Vintage and Luxury Demand; Signs of ProfitabilityJanuary 2023 UK Retail Sales: Sales Slow Amid Economic Uncertainty
