Sainsbury's Sales Boosted by Warm Weather, M&S Cyber Disruption
Sainsbury's reported a higher-than-expected rise in quarterly sales on Tuesday, as Britain's second-largest food retailer benefited from warm weather and a disruption at rival Marks & Spencer, which suffered a major cyber attack.
Still, Sainsbury's, which trails market leader Tesco , did not lift its forecast for annual profit, despite its robust sales performance and a rise in its share of Britain's grocery market to a nine-year high exceeding 15%.
Chief Executive Simon Roberts, explaining why the outlook was maintained...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.