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Sainsbury’s delivers strong trading performance
Sainsbury’s has unveiled its third-quarter trading statement for the 13 weeks to 2 January 2010, with total sales up 6.2%.
Highlights include:
- Total sales for third quarter up 6.2% (6.3% excluding fuel)
- Like-for-like sales for third quarter up 3.8% (3.7% excluding fuel)
- Like-for-like sales for third quarter up 4.2% excluding fuel and VAT
- Weekly transactions up one million year on year.
Justin King, chief executive, said: “Sainsbury’s has delivered a strong trading performance over the past 13 weeks resulting in like-for-like sales growth, excluding fuel, of 3.7%, or 4.2% VAT adjusted. Our strategy of delivering great food at fair prices has resulted in a record Christmas performance, completing a strong third quarter on top of good growth last year. While food price inflation eased in the quarter as expected, a winning combination of more customers, enjoying even better products and prices through more stores delivered total sales growth of 6.2%.
“We served on average one million more customers each week over the quarter, hitting an all-time high of 24 million in the seven days up to and including Christmas Eve. We continue to deliver record levels of customer service and availability, demonstrating the commitment of colleagues on behalf of customers, particularly given the difficult weather conditions in the run-up to Christmas.”
Source: J Sainsbury plc
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