Sainsbury's Report 7.8 Pct Growth
Sainsbury's have reported like-for-like sales, excluding fuel and VAT, rose 7.8 percent in the 12 weeks to June 13.
The figure is higher than analysts expectations for 7.3% growth, and comes in well ahead of rivals and market leaders Tesco who reported growth of only 4.3% yesterday for the 13 weeks to May 30.
The company also announced expansion plans, including buying a further nine Co-op stores, on top of the 24 already acquired, and raising £445 million by offering new shares and bonds.
The figure is higher than analysts expectations for 7.3% growth, and comes in well ahead of rivals and market leaders Tesco who reported growth of only 4.3% yesterday for the 13 weeks to May 30.
The company also announced expansion plans, including buying a further nine Co-op stores, on top of the 24 already acquired, and raising £445 million by offering new shares and bonds.
