Company Earnings UpdateSainsbury’s (LSE: SBRY) 1Q20 Trading Update: Comp Decline Worsens, Outlook Remains Bearish Coresight Research July 4, 2019 Executive Summary Sainsbury’s reported comparable sales ex fuel fell 1.6% year over year in 1Q20, compared to a 0.9% decline in the previous quarter and missing the consensus estimate of a 1.4% decline recorded by StreetAccount. The company’s total sales ex fuel fell 1.2% year over year, compared to a 0.2% decline in the previous quarter and in line with the consensus estimate. The company says the retail market remains highly competitive and promotional, and the consumer outlook remains uncertain. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Head-to-Head in Global Discount Grocery Retailing: Aldi vs. LidlRetailTech: Three Technologies Landlords Can Use to Take Malls to the Next LevelWeekly UK Store Openings and Closures Tracker 2025, Week 19: Store Closures Down 25% Year Over YearNavigating TikTok’s Uncertainty: Analyzing Challenges and Emerging User Migration Trends
