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: The Power of First-Party Data: Five Ways To Maximize Business SuccessRetail-Related Activities Stutter: China Consumer TrackerAnalyst Corner—Checking In on the Financial Health of the US Consumer, with John MercerThe Metaverse Is Not Dead: Defying the Rumors of Its Demise
