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Sainsbury's reports rise in sales | Sainsbury's reports rise in sales |
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Sainsbury's has reported an increase in half-year sales, saying it is continuing to perform strongly despite "challenging" trading conditions. | Sainsbury's has reported an increase in half-year sales, saying it is continuing to perform strongly despite "challenging" trading conditions. |
For the six months to 2 October, its like-for-like sales excluding fuel - which strips out the impact of new store openings - increased by 2%. | For the six months to 2 October, its like-for-like sales excluding fuel - which strips out the impact of new store openings - increased by 2%. |
For the most recent three months, its sales under the same measure rose 2.9%. | For the most recent three months, its sales under the same measure rose 2.9%. |
The trading update comes a day after Tesco said its half-year, like-for-like non-petrol UK sales rose by 1.2%. | |
Expansion | Expansion |
Sainsbury's said its smaller convenience stores had continued to perform well, and were now achieving annual sales of £1bn. | Sainsbury's said its smaller convenience stores had continued to perform well, and were now achieving annual sales of £1bn. |
It added that its online sales were also still rising strongly. | It added that its online sales were also still rising strongly. |
The supermarket group is also continuing to add new stores, while extending a number of its existing outlets. | The supermarket group is also continuing to add new stores, while extending a number of its existing outlets. |
Chief executive Justin King said Sainsbury's had delivered "another strong performance". | Chief executive Justin King said Sainsbury's had delivered "another strong performance". |
Sainsbury's total sales were up 7% for the half-year, and by 6.6% for the second quarter. | |
Tesco's total sales for its half-year added 8.3%. | |
Tesco also reported a 12.5% increase in six-month pre-tax profits. Sainsbury's has not released any profit figures in its latest trading update. |