Correct: J Sainsbury sales boosted by e-commerce

Correct: J Sainsbury sales boosted by e-commerce


(J Sainsbury 1Q 2021 Gross sales Boosted by E-Commerce, Grocery. “J Sainsbury 1Q 2020 Gross sales Boosted by E-Commerce, Grocery,” at 0622 GMT and related headlines between 0600 GMT and 0607 GMT, incorrectly mentioned the interval is 1Q 2020. The proper interval is 1Q 2021. The proper model follows:)

J Sainsbury PLC mentioned Wednesday that its whole retail gross sales excluding gas rose within the first quarter of fiscal 2021, boosted by robust progress in e-commerce and within the grocery and common merchandise segments.

The British grocer mentioned whole retail gross sales excluding gas rose eight.5% on the 12 months in the course of the 16 weeks to June 27, in contrast with a 1.2% decline within the year-earlier interval. On a like-for-like foundation, whole retail gross sales excluding gas elevated eight.2% year-on-year.

“Gross sales progress has remained robust all through the primary quarter, forward of the bottom case assumptions we detailed in April,” J Sainsbury mentioned.

The corporate’s grocery division jumped the very best and reported 11% progress. Gross sales on the common merchandise enterprise jumped 7.2%, whereas the clothes section noticed a 27% decline.

Total, on-line gross sales greater than doubled within the quarter, the grocery store mentioned.

J Sainsbury mentioned it expects 500 million kilos ($620.1 million) hit from the pandemic on income however added that this might be broadly offset by enterprise charges reduction and powerful buying and selling.



credit score :Source link

Related Post

Leave a Reply

Your email address will not be published. Required fields are marked *