Food growth for Sainsbury’s but clothing and Argos sales dip

Nov 7, 2024 · Grocery sales were up 5.0% for the for the 28 weeks to 14 September 2024, but Sainsbury’s general merchandise & clothing sales declined by 1.5% and Argos sales were …

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Food Growth For Sainsbury’s But Clothing And Argos Sales Dip

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Nov 7, 2024 · Grocery sales were up 5.0% for the for the 28 weeks to 14 September 2024, but Sainsbury’s general merchandise & clothing sales declined by 1.5% and Argos sales were …

internetretailing.net

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Interim Results For The 28 Weeks Ended 14 September 2024

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Sep 14, 2024 · Argos sales down (5.0)% and fuel sales down (4.4)% Like-for-like Retail sales (excluding fuel) up 3.4% (Q1 2.7%, Q2 4.2%) Retail underlying operating profit of £503m, up …

sainsburys.co.uk

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Sainsbury’s Falls Despite 5% Jump In Food Sales - AskTraders

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Nov 7, 2024 · Sainsbury's sales (excluding fuel) rose by 4.6%, with Grocery sales growth of 5.0%. However, Sainsbury's General Merchandise & Clothing sales declined 1.5%, while Argos sales were down 5% and fuel sales fell 4.4%. Total retail sales came in at £16.3 billion, up 3.1% from the previous year. Headline pre-tax profits were £356 million, climbing ...

asktraders.com

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Preliminary Results For The 52 Weeks Ended 2 March 2024

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Apr 25, 2024 · Retail sales (excl. fuel) up 6.8%. Grocery sales growth of 9.4%, General Merchandise sales up 1.2% (down 0.5% including the impact of the closure of Argos in the …

sainsburys.co.uk

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Sainsbury’s Total Retail Sales Growth Reaches 3.1% In H1 2024/25

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Nov 8, 2024 · This growth was supported by strong performance from Sainsbury’s and Nectar, although it was partially offset by a lower contribution from Argos. Total underlying profit before …

retail-insight-network.com

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Sainsbury’s First-Half Performance: What The Analysts Said

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Nov 7, 2024 · UK retailer Sainsbury’s has reported year-on-year sales growth of 4.6% in the first half of its financial year, with grocery sales up by 5.0%. Retail underlying operating profit …

esmmagazine.com

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Sainsbury's Shares Down 4% As Argos And Clothing Sales Fall

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Jul 2, 2024 · Sainsbury's said it still expected full-year 2024/25 retail underlying operating profit of between £1.01billion and £1.06billion, representing growth of 5 per cent to 10 per cent.

thisismoney.co.uk

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Sainsbury's Says Almost Everyone Now Shops In Store - BBC

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While Sainsbury's food business performed well, its general merchandise sales - which include its Argos business - slipped 0.5% and clothing sales fell 6.4%. The company also owns the …

bbc.com

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UK's Sainsbury's Sales Up 3%, Poor Weather Dents Non-food Demand

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Jul 2, 2024 · Argos sales down 6.2%. Maintains full year profit guidance. LONDON, July 2 (Reuters) - Sainsbury's, Britain's second-largest supermarket group, reported a 3% rise in first …

reuters.com

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Sainsbury Falls As Weak Clothes Sales Offset Food Boom

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Jan 10, 2024 · Britain’s second-largest grocer saw food sales jump more than 9% in the 16 weeks to Jan. 6. However, general merchandise sales through its Argos business fell slightly in the …

bloomberg.com

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Sainsbury’s Sales Growth Slows As Weather Hits Argos And Non-food …

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Jul 2, 2024 · Sainsbury’s sales growth slows as weather hits Argos and non-food ranges The chain saw total grocery sales lift 4.8%, but revealed a 4.3% fall in general merchandise and a 6.2% slump in business ...

independent.co.uk

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How Sainsbury’s Is Sharpening Fashion And General Merchandise …

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Apr 25, 2024 · Sainsbury ’s reported yet another strong performance today, driven by the success of its food-first focus – sales were up 3.4% to £36.3bn and operating profit ahead by 4.3% to reach £966m. Despite that grocery success, general merchandise sales edged up by a more modest 1.2% while clothing sales slipped 6.4%. Sainsbury’s chief executive ...

retail-week.com

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Sainsbury's Sells Record Pigs In Blankets And Mince Pies - BBC

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Jan 10, 2024 · Grocery sales were up 8.6% over the six weeks to 6 January, offsetting sharp drops in its Argos and clothing sales. Sainsbury's said its food sales beat competitors over the …

bbc.com

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Sainsbury’s Boosts Food Sales Amid Challenges With Argos

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Nov 8, 2024 · Sainsbury’s has observed a robust 5% growth in food sales, marking a significant achievement in a competitive market. The company now boasts a market share of 15.2%, …

financial-news.co.uk

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Sainsbury's Reports Strong Volume Growth In Half Year Results

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Nov 7, 2024 · Grocery volume growth at Sainsbury's and Nectar was partially offset by a lower Argos contribution. Sainsbury's sales (excluding fuel) were up 4.6%, with grocery sales growth of 5.0% and Sainsbury ...

esmmagazine.com

FAQs about Food growth for Sainsbury’s but clothing and Argos sales dip Coupon?

How did Sainsbury's performance compare to Argos?

Sainsbury’s sales, excluding fuel, were up 4.6 per cent, with grocery sales growth of 5 per cent and a decline of 1.5 per cent in general merchandise and clothing, including a fall of 5 per cent at retailer Argos. Shares dropped 2.6 per cent to 260p in morning trading on Thursday. ...

How many Argos stores does Sainsbury's have?

The company said it now has 41 Argos digital stores inside Sainsbury’s supermarkets, and has also improved its website and app. Intense competition has weighed on UK supermarkets’ margins in recent years, but recent surveys by Kantar Worldpanel have shown sales growth increasing since the start of the year as inflation rises. ...

How did Sainsbury's perform in 2024/25?

Like-for-like sales excluding fuel rose by 2.7 per cent, down from a 9.8 per cent increase by the same point a year ago. Sainsbury's said it still expected full-year 2024/25 retail underlying operating profit of between £1.01billion and £1.06billion, representing growth of 5 per cent to 10 per cent. ...

Does Sainsbury's expect grocery sales growth in the second half?

Sainsbury’s expects grocery sales growth in the second half of its fiscal year. Photo: mina kim/Reuters J Sainsbury SBRY 0.68% posted a sharp decline in profit in the first half of its fiscal year but said it expects grocery sales growth in the second half, and confirmed its guidance for fiscal 2025. ...

Why did Sainsbury's keep its profit forecast unchanged over Christmas?

Sainsbury’s reported higher grocery sales over the Christmas period but kept its profit forecast unchanged as British shoppers cut back on other items like clothes. Britain’s second-largest grocer saw food sales jump more than 9 per cent in the 16 weeks to Jan. 6. ...

Are Sainsbury's and Tesco pulling away from Asda and Morrisons?

Sainsbury's and Tesco, which last month reported a 4.6% rise in first quarter underlying UK sales, are pulling away from traditional rivals Asda and Morrisons, which are hamstrung by high debt. Sainsbury's UK grocery market share was 15.2% in the 12 weeks to June 9, up 30 basis points year-on-year, according to market researcher Kantar. ...