UK's Sainsbury's echoes Tesco with slower quarterly sales growth

J Sainsbury

30/06/2026 07:05

    LONDON, June 30 (Reuters) - Sainsbury's SBRY.L, Britain's second-largest supermarket group, on Tuesday joined industry leader Tesco TSCO.L in reporting slower underlying sales growth in its first quarter, though it left its full-year profit guidance unchanged.
The group, which has a UK grocery market share of 15.3%, said like-for-like sales, excluding fuel, rose 2.1% in the 16 weeks to June 20 - below analysts' consensus forecast for growth of 2.7% and the 3.1% achieved in the previous quarter.

UPDATE 3-Tesco's UK sales growth slows as Iran war weighs on consumers nL8N42Q06U
UK grocery inflation slows, easing fears of Iran war hit, says Worldpanel nL8N4290RK
 (Reporting by James Davey; editing by Sarah Young)
 ((james.davey@thomsonreuters.com))