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Impressive Christmas results from Sainsbury’s

Strong Christmas grocery volumes and market share growth has led to Sainsbury’s updating their profit guidance.

  • Grocery sales up 6.6% vs 2019
  • Online grocery volumes remaining 92% higher vs 2019
  • Achieved over 700,000 online orders per week during the Christmas period
  • On demand grocery offer now provided out of 580 stores via Chop Chop, Deliveroo and Just Eat.
  • Profit guidance revised up to £720m FY21/22
  • Free Cash Flow remains strong
  • Debt reduction target ahead of schedule

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