Sainsbury's reports 4% drop in first-quarter like-for-like sales


Reuters | London | Updated: 05-07-2022 11:37 IST | Created: 05-07-2022 11:36 IST
Sainsbury's reports 4% drop in first-quarter like-for-like sales
Representative image Image Credit: Wikimedia Commons
  • Country:
  • United Kingdom

British supermarket group Sainsbury's reported a 4% fall in underlying sales in its first quarter, driven by weakness in general merchandise as cash-strapped consumers held back on discretionary spending.

The company said on Tuesday its outlook for the full year was unchanged.

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