But margins are maintained
Somerfield said that its group like-for-like sales came under pressure in the second half of the year, after a slowdown in consumer spending and the impact of its portfolio transformation.
However, margins are stable, benefiting from the margin uplift at stores converted from Kwik Save to Somerfield.
Like-for-like sales for the group fell 0.4 per cent in the 53 weeks to April 30, compared with a rise of 1.1 per cent for the same period a year ago.
The biggest swing was for the Somerfield fascia, which experienced a drop in like-for-like sales over the year of 0.1 per cent, compared with a rise of 2 per cent the previous year.
Somerfield chief executive Steve Back said: 'Although conditions remain challenging, I am pleased with the group's progress as we continue to implement our strategic plan, while still delivering a satisfactory overall trading result from an enlarged store portfolio.'
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