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: CPG Giants Realign Through Over $100 Billion in M&A, Demergers and Divestments1Q25 Retail Inventory Insights: Lean Inventory, Tariff Mitigation, Supply Chain AdjustmentsConsumer Sentiment Steadies; Plus, Off-Price and Dollar-Store Shopping in Focus: US Consumer Survey InsightsInflation Up, Sentiment Down: Alarm Bells for the US Consumer Economy?
