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. 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: US CPG—Retail 2024 Sector Outlook: Volume Growth To Turn Positive as Inflation EasesDiscount Decades—Introduction: Charting the Expansion of US Value RetailingThree Data Points We’re Watching This Week: US Retail FocusRetail Innovation: State of In-Store Retailing and Opportunity To Redefine Operations
