Executive Summary
- Sainsbury’s, the UK’s second-largest grocery retailer, posted comps of 0.1% for 3Q17, marginally ahead of expectations of (0.8)%.
- Total sales were up 0.8%, excluding fuel and the impact of pharmacy disposals.
- Argos, which Sainsbury’s acquired in 2016, saw comps of 4.0% and total sales growth of 4.1%.
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