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Sainsbury’s reports ‘best-ever’ Christmas period

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J Sainsbury PLC reported its best-ever Christmas trading period, saying that like-for-like sales in the 13 weeks to January 3 2009, excluding fuel, were up 4.5 percent from the same period a year earlier.


Chief executive Justin King said: “Sainsbury's good trading performance has continued over the past 13 weeks, with our best ever Christmas performance completing a good overall third quarter. Our online home delivery service delivered a record number of orders in the week before Christmas contributing to growth of 27 per cent for the full quarter.


The economic environment remains particularly challenging and the supermarket group expects this to continue in 2009, however it believes it is well positioned to continue its good progress.

Quick facts: J Sainsbury PLC

Price: 196.1 GBX

LSE:SBRY
Market: LSE
Market Cap: £4.36 billion
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