Sainsbury’s, Britain’s second largest meals retailer after Tesco, mentioned heat climate and market share progress helped quarterly gross sales rise greater than anticipated, placing it on monitor to fulfill annual forecasts.
The group, whose share of Britain’s grocery market is over 15%, mentioned its UK like-for-like gross sales, excluding gasoline, rose 4.7% within the 16 weeks to 21 June, having been up 3.7% within the earlier quarter, as a sunny spring drove spending throughout its meals, clothes and Argos normal merchandise model.
That gross sales rise got here in forward of a consensus forecast of three.4%, in response to a observe from Citi analysts.
Outlook
The group mentioned it received market share from rivals over the interval however that it continued to anticipate annual revenue to stay unchanged from a 12 months earlier, reflecting its pledge to maintain a aggressive edge on costs.
“We have now nice momentum, rising sooner than the marketplace for three consecutive years and we’re effectively set to ship one other sturdy efficiency over the summer season,” chief govt Simon Roberts mentioned in an announcement.
Sainsbury’s saved steering for retail underlying working revenue, its most well-liked measure, of round 1 billion kilos for its full 12 months to March 2026, versus 1.04 billion kilos made in 2024/25.
