Overview

• Sainsbury’s delivered 4.9% like-for-like group sales growth in the 16 weeks to June 21, outpacing the UK grocery market for a third consecutive year.
• Grocery sales rose 4.9% and non-food revenues grew 4.2%, while the Taste the Difference premium fresh food range jumped 20% year-on-year.
• Argos posted a 4.4% sales increase as warm spring weather boosted demand for fans, paddling pools and online-to-store integration improved stock availability.
• The grocer secured its highest market share since 2016 by expanding its Aldi Price Match to 800 everyday essentials and benefiting from temporary gains during a Marks & Spencer cyber outage.
• Sainsbury’s reaffirmed its full-year underlying operating profit target of about £1 billion and maintained its target to achieve £1 billion of cost savings by March 2027 despite a £140 million national insurance headwind.