Sainsbury 2Q Comparable Sales Fall 1.1%

   By Rory Gallivan

LONDON--J Sainsbury PLC (SBRY.LN), the U.K.'s second-biggest supermarket by market share, on Wednesday reported a fall in second- quarter comparable sales as food prices continue to drop.

Comparable sales for the 16 weeks ended September 24 fell by 1.1% from the previous year excluding fuel, while total sales excluding fuel were down by 0.4%.

Chief Executive Mike Coupe said he expects the market to remain competitive, adding that the effect of sterling's devaluation following the European Union referendum remains unclear.

"Sainsbury's is well positioned to navigate the changing marketplace and we are confident that our strategy will enable us to continue to outperform our major peers," he said.

Write to Rory Gallivan at rory.gallivan@wsj.com; Twitter: @RoryGallivan

(END) Dow Jones Newswires

September 28, 2016 02:32 ET (06:32 GMT)

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