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Sainsbury's reports rise in sales Sainsbury's reports rise in sales
(40 minutes later)
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 Sainsbury's rival Tesco said its half-year profits had increased by 12.5%. The trading update comes a day after Tesco said its half-year, like-for-like non-petrol UK sales rose by 1.2%.
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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.
Its total sales were up 7% for the half-year, and by 6.6% for the second quarter.
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.