January 12, 2017 2 minutes

Sainsbury (LSE: SBRY) 3Q17 Update: Modest Growth Beats Expectations

Primary Analyst: Coresight Research

Company Earnings Update

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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