Sainsbury(J) PLC SBRY Trading Statement

  Sainsbury(J) PLC (SBRY) - Trading Statement

RNS Number : 7697N
Sainsbury(J) PLC
03 October 2012




Second Quarter Trading Statement for the 16 weeks to 29 September 2012

Good sales delivering continued outperformance

· Total sales for second quarter up 4.3 per cent (4.4 per cent excluding
fuel)

· Like-for-like sales for second quarter up 1.9 per cent (1.9 per cent
excluding fuel)

· Total sales for the first half up 4.0 per cent (4.1 per cent excluding
fuel) and like-for-like sales up 1.7 per cent (1.7 per cent excluding fuel)

Justin King,  Chief Executive,  said,  "This has  been  a unique  and  special 
summer, during  which  we  have  delivered  another  quarter  of  good  sales, 
outperforming the market in what remains a challenging retail environment. Our
total sales are up 4.3 per cent, and like-for-like sales up 1.9 per cent.

The  quarter  began  with  the   period  immediately  following  the   Jubilee 
celebrations, and was characterised by unseasonal weather. The quarter  ended 
with the Olympic and Paralympic Games,  which united and inspired the  nation. 
We were delighted to play our part in helping customers celebrate this  summer 
like no other, and are particularly proud of Sainsbury's association with  the 
Paralympic Games.

We are seeing the benefit of  our ongoing investment in our own-label  ranges, 
particularly by Sainsbury's, which is growing at its strongest rate in  recent 
years, and our Taste The Difference  range, which is seeing near  double-digit 
growth. Our own label penetration is increasing  at a faster rate than any  of 
the major supermarkets;  a testament  to the investment  we have  made in  the 
quality of our products.

As we approach Brand Match's first anniversary, it continues to reinforce  the 
competitiveness of our price position. Our customers tell us that they believe
it to be the simplest price guarantee  in the market. We have also  celebrated 
the tenth  anniversary of  our partnership  with Nectar  which, when  uniquely 
combined with our coupon-at-till  technology, helps to  ensure that we  reward 
customers with great offers on relevant products.

Non-food has increased its pace of growth to around three times that of  food. 
Following the successful launch of our Denim Shop format, sales of jeans  have 
almost doubled  year-on-year,  and  the  quarter also  saw  our  biggest  ever 
Schoolwear season, consolidating our number four market position.

Convenience stores continue their strong growth. We have opened 49 convenience
stores in the half, and are delivering our target of one to two per week.  Our 
online business continues to perform strongly, with growth of over 20 per cent
year-on-year.

Over the quarter we grew space in line with our plans, opening 5 supermarkets,
28 convenience stores  and 2  extensions, adding  267,000 square  feet to  our 
estate. This brings the year-to-date total to 330,000 square feet.

At the recent Retail Industry  Awards we won Supermarket  of the Year for  the 
fifth time in seven years, Convenience Store of the Year for the third year in
a row, and a further three awards. We are proud that the hard work invested by
our colleagues across the country has  been so consistently recognised by  our 
peers.

We expect the  challenging economic backdrop  to persist, but  by helping  our 
customers  to  Live  Well  For  Less  through  competitive  pricing,  targeted 
promotions, quality own label products,  and outstanding customer service,  we 
are positioned to perform well coming into the important Christmas period."

Enquiries:
Investor Relations   Media
Adam Wilson Katsibas Alex Cole / Tara Hicks
+44 (0) 20 7695 7991 +44 (0) 20 7695 7295

                                    Notes



1. All  sales  figures  contained  in this  trading  statement  are  stated 
including VAT and in accordance with IFRIC 13.



2. Like-for-like sales include the impact of changes in underlying VAT rate
and extensions as follows:





                                     Q1   Q2   H1
Sales growth including fuel (%)
Total                               3.6% 4.3% 4.0%
Like-for-like                       1.4% 1.9% 1.7%
Sales growth excluding fuel (%)
Total                               3.8% 4.4% 4.1%
Like-for-like                       1.4% 1.9% 1.7%
Included in like-for-like sales (%)
Net contribution from extensions    0.7% 1.0% 0.8%
Impact from change in VAT rate       0%   0%   0%







3. Store investment programme 2012/13:



2012/13        Q1 Q2  H1
Supermarkets
New            0   5   5
Replacements   0  (1) (1)
Extensions     1   2   3
Refurbishments 8   7  15
Convenience
New            21 28  49
Closures       0   0   0





4.Certain  statements   made  in   this  announcement   are   forward-looking 
statements. Such  statements are  based on  current expectations  and  are 
subject to a number of risks and uncertainties that could cause actual results
to differ materially from any expected future events or results referred to in
these forward-looking statements. Unless otherwise required by applicable law,
regulation or  accounting standard,  we  do not  undertake any  obligation  to 
update or revise any  forward-looking statements, whether as  a result of  new 
information, future developments or otherwise.



5.Sainsbury's also released today its Second Quarter Corporate Responsibility
update.             This              is             available              at 
www.j-sainsbury.co.uk/investor-centre/results-and-presentations/



6. A conference  call will  take place  at 8:30am.  To listen  to the  audio 
webcast we recommend  that you  register in advance.  To do  so please  visit 
www.j-sainsbury.co.uk  prior   to  the   event   and  follow   the   on-screen 
instructions.  To  view  the  transcript   of  the  conference  call  go   to 
www.j-sainsbury.co.ukand  follow  the  on-screen  instructions  in  the  first 
quarter trading statement section.



7. Sainsbury's will  announce its  2012/13 Interim Results  on 14  November 
2012.





                     This information is provided by RNS
           The company news service from the London Stock Exchange

END


TSTFSIFAEFESEFS -0- Oct/03/2012 06:00 GMT
 
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