* Total sales up 0.8%
* Grocery up 0.5%
* 37 more Argos opened in Sainsbury’s store (takes total to 228)
SUPR View:
* Consistent and steady numbers from Sainsbury’s but a noticeable lack of growth compared to sector
* Demonstrates need to acquire/merge to grow
* Financing package for Asda now in place (we assume on back of potential new Investment Grade rating)