MARKET TALK: Sainsbury 1Q Same-Store Growth: Zero

16th Jun 2010 07:34

0634 GMT [Dow Jones] Sainsbury (SBRY.LN) first-quarter results are worse than Tesco's, published Tuesday, Seymour Pierce analyst Freddie George says. George says Sainsbury same-store sales growth excluding value-added-tax is about 0%. He says the stated trading period for Sainsbury's 1Q, ending June 12, is an 'easier' retailing period than Tesco's first-quarter. Sell rating. Shares closed Tuesday at 324p.([email protected]) Contact us in London. +44-20-7842-9464 [email protected] (END) Dow Jones Newswires June 16, 2010 02:34 ET (06:34 GMT)