November 9, 2018 3 minutes

Sainsbury’s (LSE: SBRY) 1H19 Results: Further Tepid Retail Sales Growth; Exceptional Costs Hit Bottom Line

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

In 1H19, Sainsbury’s reported further modest growth in comparable sales, with comps up 0.6%. Total retail sales were up just 1.2%.
Revenues and adjusted pretax profit came in ahead of expectations.
The company has delivered its target of £160 million in EBITDA synergies from its Argos acquisition nine months ahead of plan.

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