Company Earnings Update 3 minutesRegister for Free AccessSainsbury’s (LSE: SBRY) 1Q20 Trading Update: Comp Decline Worsens, Outlook Remains Bearish Coresight Research July 4, 2019 Executive Summary 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 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: Breathing Space for US Retailers and Brands: US Tariffs Paused for 90 Days But Hiked Further for ChinaInside India’s Flourishing Men’s Skincare Market—Masstige Growth, Celebrity Influence and Tech InnovationThree Data Points We’re Watching This Week, Week 27: US Retail Faces HeadwindsWeekly US Store Openings and Closures Tracker 2025, Week 12: Forever 21 To Close All Stores; Dollar General Announces Major Store Expansion Plan
