Sainsbury's profits boosted by Christmas trading

From BBC - January 9, 2018

The UK's second largest supermarket, Sainsbury's, has raised its profit guidance after "record" sales during Christmas week.

Sainsbury's said it now expected annual profits to be up to 20m better than expected despite supermarkets facing a "challenging" market.

The chain sold 1.1% more in the 15 weeks to 6 January, with grocery sales up 2.3%.


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