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Sainsbury’s (LSE: SBRY) 1H17 RESULTS: BEATS CONSENSUS, GAINS SCALE FROM ARGOS

Executive Summary

  • The UK’s second-biggest grocery retailer, Sainsbury’s, reported 1H17 comparable sales growth of (1.0)%.
  • Sainsbury’s grew total revenues by 1.8% to £12.6 billion, ahead of the analyst consensus of £12.4 billion.
  • Underlying diluted EPS fell by 8.8%, but marginally beat analysts’ expectations.

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