Sainsbury delivers more than expected

21st Mar 2012 07:08

Like-for-like sales (LFL) growth at Sainsbury has been stronger than the market had been expecting in the supermarket group's fourth quarter.LFL sales in the 10 weeks to March 17th were up 2.5% year-on-year, or 2.6% excluding fuel. The market has been expecting growth of 2.1%.Total sales for the fourth quarter were up 4.6% (5.1% excluding fuel) on the corresponding period of the previous year. Sainsbury's convenience, online and non-food operations are all growing ahead of the market, Sainsbury claimed.jh