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 percentage decline in like-for-like sales for Sainsbury's in the third quarter?

What factors contributed to the tough market conditions mentioned in the text?

What strategies did Sainsbury's implement to attract customers during the holiday season?

How did Sainsbury's manage to perform well during the Christmas period despite market challenges?

What was the market share percentage for Sainsbury's in the fourth quarter?