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Name | Symbol | Market | Type |
---|---|---|---|
J Sainsbury Plc (QX) | USOTC:JSAIY | OTCMarkets | Depository Receipt |
Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 15.52 | 15.27 | 16.19 | 0.00 | 14:18:55 |
By Tapan Panchal
LONDON--J Sainsbury PLC (SBRY.LN) Wednesday reported marginal growth in same store sales for the third quarter of fiscal 2017, which includes the key Christmas trading period, and said that the impact of sterling devaluation remains uncertain.
The U.K.'s second-biggest supermarket chain by market share said like-for-like retail sales, excluding fuel, for the 15 weeks ended Jan. 7 rose by 0.1%. Total retail sales, excluding fuel, were up 0.8%.
The company, which last year acquired Argos owner Home Retail Group PLC, said same store sales for Argos were up 4.0% in the quarter. Combined Sainsbury and Argos like-for-like sales, excluding fuel, were up 1.0%.
Tesco PLC, the country's biggest grocer, is slated to report its Christmas performance on Thursday. On Tuesday, another grocer Wm. Morrison Supermarkets PLC reported its best Christmas trading in seven years.
Write to Tapan Panchal at tapan.panchal@wsj.com
(END) Dow Jones Newswires
January 11, 2017 02:37 ET (07:37 GMT)
Copyright (c) 2017 Dow Jones & Company, Inc.
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