Sainsbury 3Q LFL Sales Ex-Fuel Down 1.7%; Est. 3.2%

Sainsbury's reported a smaller-than-expected decline in like-for-like sales for the third quarter, outperforming analyst expectations. Despite a challenging market with ongoing price wars, Sainsbury's managed to maintain a strong sales performance, particularly during the Christmas period. The company has been actively cutting prices and enhancing its online presence, which has contributed to its resilience against competitors like Asda, Morrison, and Tesco. Sainsbury's continues to focus on quality and customer experience, which has helped it retain market share. The company anticipates a similar performance in the fourth quarter, with a slight decline in sales but maintaining its full-year targets.

What was the actual decline in Sainsbury's third-quarter sales excluding fuel?

• 2.5%

• 3.2%

• 4.0%

• 1.7%

Which factor contributed to Sainsbury's better performance during the Christmas period?

• Lower quality products

• Higher prices

• Fewer customer transactions

• Better quality perception

What is the expected trend for Sainsbury's like-for-like sales in the second half of the year?

• Increase by 1%

• Decline by 2%

• Increase by 2%

• Remain stable

How did Sainsbury's online trading perform during the Christmas period?

• It was the smallest to date

• It was the biggest to date

• It remained unchanged

• It decreased significantly

What is the current investor sentiment towards Sainsbury's on the Footsie 100?

• Neutral

• Least shorted

• Most favored

• Most shorted