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Festive trade cheers Sainsbury's Festive trade cheers Sainsbury's
(about 2 hours later)
Sainsbury's has said it has just had its "best ever Christmas performance", after enjoying strong sales growth in the last three months of 2008.Sainsbury's has said it has just had its "best ever Christmas performance", after enjoying strong sales growth in the last three months of 2008.
Reporting its results for the 13 weeks to 3 January, the supermarket group saw like-for-like sales excluding petrol rise 4.5% from a year earlier.Reporting its results for the 13 weeks to 3 January, the supermarket group saw like-for-like sales excluding petrol rise 4.5% from a year earlier.
Sainsbury's added that 23 December was its busiest ever trading day.Sainsbury's added that 23 December was its busiest ever trading day.
Total sales, which includes new store openings, were up 5.3% compared with the same period a year before.Total sales, which includes new store openings, were up 5.3% compared with the same period a year before.
'Good progress''Good progress'
"The economic environment remains particularly challenging, and we expect this to continue in 2009," said Sainsbury's chief executive Justin King."The economic environment remains particularly challenging, and we expect this to continue in 2009," said Sainsbury's chief executive Justin King.
Mr King said Sainsbury's was well placed to ride out the downturn
"However, our continued investment in price and promotions, along with universal appeal and a wide customer base means we are well positioned to continue our good progress.""However, our continued investment in price and promotions, along with universal appeal and a wide customer base means we are well positioned to continue our good progress."
Sainsbury's like-for-like sales, excluding petrol, were better than market expectations of 3.8%.Sainsbury's like-for-like sales, excluding petrol, were better than market expectations of 3.8%.
The firm said its online sales rose 27% during the quarter, helped by a record number of orders in the week before Christmas.The firm said its online sales rose 27% during the quarter, helped by a record number of orders in the week before Christmas.
Sainsbury's has 509 supermarkets and 276 smaller convenience store outlets, and employs 150,000 people.Sainsbury's has 509 supermarkets and 276 smaller convenience store outlets, and employs 150,000 people.