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

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Coresight Research

Key Points

  • 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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