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Supermarket giants and high street stalwarts to reveal festive figures
- Tesco and Sainsbury's will provide festive trading updates next week, indicating their performance during Christmas.
- Tesco's chief executive Ken Murphy mentioned that the grocery sector is 'incredibly competitive' due to a price war.
- Sainsbury's expects to report retail earnings of over £1 billion after a stronger-than-expected half-year performance.
- Next expects sales to grow significantly during the festive quarter, increasing its sales guidance to around 7%, indicating solid performance despite consumer spending concerns.
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29 Articles
29 Articles
Evening Standard+28 Reposted by 28 other sources
Supermarket giants and high street stalwarts to reveal festive figures
Tesco and Sainsbury’s will report updates after a hard-fought Christmas in the sector, while Next, M&S and Greggs will also give their verdict.
·London, United Kingdom
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Total News Sources29
Leaning Left2Leaning Right0Center19Last UpdatedBias Distribution90% Center
Bias Distribution
- 90% of the sources are Center
90% Center
C 90%
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