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Sainsbury's like-for-like sales rise 1.1%

Supermarket sees a 4.6% increase in like for like sales during the first quarter as Vuvuzela horns fly off the shelves.

CITY & CORPORATE

Sainsbury's like-for-like sales rise 1.1%

Britain’s third largest supermarket said like for like sales excluding petrol increased by 1.1% during the 12 weeks to 12 June. Yesterday rival Tesco reported UK like for like sales up 1.1% and just 0.1% without fuel.

Justin King, Chief Executive says: "We've delivered another good performance ahead of the market on top of strong growth last year.

"Excluding fuel, total sales were up 4.4 per cent, with like-for-like sales up 1.1 per cent and up 8.2 per cent on a two-year basis.


"Contribution from net new space (excluding fuel) stepped up to 3.3% reflecting strong performance from new stores ahead of our expectations and the full impact of the 2009/10 opening programme. "Continued fuel price inflation has driven further growth with total sales including fuel up 7.6 per cent."

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