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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 7: Consumer Sentiment FocusWeekly US Store Openings and Closures Tracker 2025, Week 12: Forever 21 To Close All Stores; Dollar General Announces Major Store Expansion PlanAnalyst Corner: Three Key Predictions for India Retail in 2025, with Sujeet NaikAnalyst Corner: US Consumer Sentiment Varies by Age and Income—Uncovering Demographic Trends, with Aditya Kaushik
