Company Earnings Update 2 minutesRegister for Free AccessSainsbury’s (LSE: SBRY) 1Q18 Update: Sales Lifted by Warm Summer Coresight Research July 5, 2017 Executive Summary The UK’s second-biggest grocery retailer, Sainsbury’s, posted 1Q18 comps of 2.3%, excluding fuel and including Argos in the prior year base. Total sales increased by 2.7%, including Argos in the base and excluding fuel and the impact of the sale of Sainsbury’s pharmacy business. Sainsbury’s reaffirmed its target to deliver £160 million in EBITDA synergies from the Argos acquisition by March 2019, and achieve £145 million in cost savings this fiscal year. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Earnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales DeclineFive Trends in US Food CPG: Transparency, Sustainability and Technology Lead the WayDecember 2022 US Housing Market Indicators: Pending, Existing and New Home Sales All Decline as Affordability Gap WidensCopley Place and Prudential Center—Demonstrating the Potential of Urban Mixed-Use Malls