The supermarket said full-year profits are now expected in the ‘upper half’ of its guidance as efforts to keep food prices low boosted grocery…
Supermarket Sainsbury’s has upped its annual earnings outlook as it said it was claiming market share from German discounters Aldi and Lidl thanks to soaring grocery sales
Chief executive Simon Roberts said the group’s food price inflation was running at half the level reported by the Office for National Statistics, with price cuts in some areas such as fresh food. It added it was gaining record market share gains and winning sales by volume from every supermarket competitor.He added: “We know people are still finding things tough and we’re working harder than ever to reduce our costs, putting the money back into our customers’ pockets through lower prices on the products they buy most often.
General merchandise sales were 2.6% lower in the second quarter, but this was pared back to a decline of 0.6% when stripping out the hit from the closure of Argos in Ireland.
Österreich Neuesten Nachrichten, Österreich Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Fixer Upper star Joanna Gaines reflects on difficult family shake-up following son Drake's departureJo and husband Chip are parents to five children: Drake, 18, Ella, 16, Duke, 15, Emmie, 13, and Crew, five
Weiterlesen »
Tree house? 'Dilapidated' home rinsed for huge plant growing out of the roofIt's definitely a fixer-upper.
Weiterlesen »
Watch company Swatch returning to Liverpool ONEThe store was previously located on Upper South John Street
Weiterlesen »
Sainsbury’s increases profit outlook as it puts food ‘at the heart’The group said full-year profits are now expected to be in the ‘upper half’ of its guidance, at between £670 million and £700 million.
Weiterlesen »
Northants hour by hour weather forecast as Storm Ciaran hitsOne flood alert has been issued for Upper Avon River Swift and Clay Coton Brook in Northamptonshire
Weiterlesen »
First snowflakes, chilly nights and a warming trendThere will be a slow but steady rise in temperatures throughout the next few days. Going from the upper 40s Thursday to near 60 by Saturday
Weiterlesen »