Total Retail sales incrased 0.8 percent (excl. fuel) and like-for-like Retail sales increased 0.1 percent (excl. fuel), with total volumes up and like-for-like volumes were flat.
“Sainsbury’s offered customers greater quality food, choice and value than ever before, across all channels. We had a record Christmas week, with over 30 million customer transactions at Sainsbury’s and over £1 billion of sales across the Group.
“Thanks to the commitment of all our colleagues, we delivered an excellent shopping experience and helped our customers live well for less over the festive period.
“Our Groceries Online and Convenience channels performed well, achieving over nine and six percent sales growth respectively and at Argos we saw record levels of online participation. Online sales made up 18 percent of total Group sales in the quarter.
“Clothing and General Merchandise also had a very strong quarter, with Clothing sales up ten percent and General Merchandise up three percent.
“At Argos we delivered strong growth in the quarter, driven by the key Black Friday and Christmas trading periods. Our Argos digital stores in Sainsbury’s supermarkets are performing well, as awareness of the convenience of shopping at both Sainsbury’s and Argos under one roof grows among our customers.
“The market remains very competitive and the impact of the devaluation of sterling remains uncertain. However, we are well placed to navigate the external environment and remain focused on delivering our strategy,” the company said. ■
What to read next
More inside POST
Verizon Q1 EPS 84 cents Earnings