LONDON (dpa-AFX) - J Sainsbury plc (JSAIY.PK, SBRY.L) reported that its like-for-like sales excluding fuel were up 9.8% for the 16 weeks to 24 June 2023. Total retail sales, excluding fuel, were up 9.2% for the period.
The Group recorded strong Grocery performance, with sales up 11%. General Merchandise sales were up 4%, with Argos sales up 5.1%. Clothing sales declined 3.7%.
The Group continues to expect fiscal 23/24 underlying profit before tax of between 640 million pounds and 700 million pounds and to generate at least 500 million pounds of Retail free cash flow.
For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com.
Copyright(c) 2023 RTTNews.com. All Rights Reserved
Copyright RTT News/dpa-AFX