Data-driven insights that help companies navigate the changing retail and technology landscape. LEARN MORE
Company Earnings Update

Sainsbury’s (LSE: SBRY) 1Q20 Trading Update: Comp Decline Worsens, Outlook Remains Bearish

#
Coresight Research

Key Points

  • Sainsbury’s reported comparable sales ex fuel fell 1.6% year over year in 1Q20, compared to a 0.9% decline in the previous quarter and missing the consensus estimate of a 1.4% decline recorded by StreetAccount.
  • The company’s total sales ex fuel fell 1.2% year over year, compared to a 0.2% decline in the previous quarter and in line with the consensus estimate.
  • The company says the retail market remains highly competitive and promotional, and the consumer outlook remains uncertain.

Please Log In to read the full report. Not a member? Register for a free user account.

Other research you may be interested in:

×