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| Version 2 | Version 3 |
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| Sainsbury's sales rise despite 'challenging' trading | Sainsbury's sales rise despite 'challenging' trading |
| (about 2 hours 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 ignore the impact of new stores - increased by 2%. | For the six months to 2 October, its like-for-like sales excluding fuel - which ignore the impact of new stores - 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%. | 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". |
| He told the BBC: "If you do a great job for customers, give them that combination they're looking for, value for money but also the quality they expect, then you can continue to entice them to spend. | He told the BBC: "If you do a great job for customers, give them that combination they're looking for, value for money but also the quality they expect, then you can continue to entice them to spend. |
| "2.9% is a good step up from our first quarter and a good bit better than all of our competitors at the moment, so I think we're demonstrating we are doing a great job for customers in these challenging times." | "2.9% is a good step up from our first quarter and a good bit better than all of our competitors at the moment, so I think we're demonstrating we are doing a great job for customers in these challenging times." |
| Sainsbury's total sales were up 7% for the half-year, and by 6.6% for the second quarter. | 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 were up 8.3%, and its half-year pre-tax profits were up 12.5% to £1.6bn. | Tesco's total sales for its half-year were up 8.3%, and its half-year pre-tax profits were up 12.5% to £1.6bn. |
| Richard Hunter, head of UK equities at stockbrokers Hargreaves Lansdown, said the latest figures from Sainsbury's "generally outpaced expectations". | |
| He added: "The company is, of course, mindful of the consumer challenges ahead, but maintains it is well placed to weather the economic storm given its propensity for value offerings." |