Sainsbury’s Sales Rise Despite Falling UK Food Inflation

Sainsbury's reported a 9.8% increase in total retail sales, driven by an 11% jump in grocery sales, in their latest quarterly results.
Sainsbury's CEO stated that food inflation in the UK is starting to fall and the company is committed to passing on savings to customers.
Sainsbury's maintained its financial guidance for the full year, expecting an underlying pretax profit between £640 and £700 million.
Sainsbury's cut prices on essentials like toilet paper, pasta and chicken and price matched Aldi on key items to compete with discounters.
Sainsbury's sales were boosted by warmer weather and bank holidays despite ongoing high food inflation of 18.4% in May.