THE performance of the big [...]

June 2013
Evening Standard;6/11/2013, p43
THE performance of the big supermarkets is closely watched, and after Tesco's grilling last week comes Sainsbury's tomorrow. It has been successfully growing market share but it is now facing a tough comparable trading period. Analysts expect the last four weeks of its first quarter to show signs of a slowdown. Guidance for like-for-like sales is between 1% and 1.5% in the year to mid-March 2014. Analysts predict 8% earnings growth in the current financial year. But despite a slowdown, the country's third-largest grocer is expected still to show that it can outperform its peers.


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