Sainsbury’s defies inflationary gloom to deliver ‘best possible Christmas’
Sainsbury’s has raised full-year profit expectations after reporting a jump in sales across its core grocery and Argos businesses during the festive period.
For the 16 weeks to January 7, the grocery giant reported a 5.2% increase in sales excluding fuel and like-for-like sales up 5.9% – which reflected inflation and resilient volume trends.
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