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Sainsbury (LSE: SBRY) 4Q17 Update Comps Return to Negative Territory

Executive Summary

  • The UK’s second-biggest grocery retailer, Sainsbury’s, reported comparable sales excluding fuel fell by 0.5% in 4Q17.
  • In FY17, Sainsbury’s comps fell by 0.6% excluding fuel.
  • Argos 4Q17 comps were strong, at 4.3%.

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