+------------------------------------------------------------------------------+
Sainsbury 3Q LFL Sales Ex-Fuel Beats Ests. 2014-01-08 07:07:12.374 GMT
By Heather Burke Jan. 8 (Bloomberg) -- Sainsbury 3Q LFL sales ex-fuel up 0.2%, est. down 0.4% (median of 13). * Total 3Q sales ex-fuel up 2.7% * Tough sales environment in Oct., Nov., strong sales at Christmas * Expects customers to spend cautiously in few months following Christmas * Grocery online sales up >10% * Convenience sales up almost 18% * Says general merchandise, clothing business achieved record levels mkt shr * On-track to deliver target of ~1m square feet of new space by yr end * Related preview here * Call 8:30am +44 20 8996 3900, pw 625 834 * NOTE: Lidl Reports ‘Best Performance to Date Over Xmas Period’ in U.K. * NOTE Dec. 17: U.K. Big Four Grocers Lose Market Shr, Discounters Gain: Kantar
For Related News and Information: First Word scrolling panel: FIRST<GO> First Word newswire: NH BFW<GO>
To contact the reporter on this story: Heather Burke in London at +44-20-7673-2044 or hburke2@bloomberg.net
To contact the editor responsible for this story: James Ludden at +44-20-7673-2645 or jludden@bloomberg.net