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Finance

Posted By Reuters

Posted on January 10, 2025

Britain's Sainsbury's sales rise 2.8% in Christmas quarter

LONDON (Reuters) - Sainsbury's, Britain's second biggest supermarket group, on Friday reported a 2.8% rise in underlying sales for the key Christmas quarter, with solid grocery sales offset by a weaker performance in general merchandise.

The group, which trails only Tesco by market share, said it expected to deliver full-year retail underlying operating profit, its preferred profit measure, in line with consensus and the midpoint of its guidance range of 1.01-1.06 billion pounds ($1.24-$1.30 billion), representing growth of around 7%.

($1 = 0.8148 pounds)

(Reporting by James Davey, Editing by Paul Sandle)

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