Sainsbury’s to shed light on consumer sentiment and food prices
The ONS most recently reported food and drink inflation of 2.2% in April, but IGD has warned that this could still peak at around 5.5% later this year as more…
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Summary
The retailer is expected to deliver further growth when it provides a first quarter trading update on Tuesday June 30. Sainsbury’s also owns the Argos brand (Owen Humphreys/PA) (PA Wire) However, a raft of competitors, including largest rival Tesco , have seen a slowdown in revenue growth in recent months amid cautious consumer activity. Consumer sentiment and the outlook for food inflation are set to be in the spotlight as supermarket giant Sainsbury’s updates investors next week.
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The retailer is expected to deliver further growth when it provides a first quarter trading update on Tuesday June 30
according to Evening StandardSainsbury’s also owns the Argos brand (Owen Humphreys/PA) (PA Wire) However, a raft of competitors, including largest rival Tesco , have seen a slowdown in revenue growth in recent months amid cautious consumer activity.
according to The IndependentConsumer sentiment and the outlook for food inflation are set to be in the spotlight as supermarket giant Sainsbury’s updates investors next week.
according to The Independent
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