Sainsbury’s sales fall as CEO warns pressure on budgets set to intensify

Simon Roberts, chief executive of J Sainsbury plc, said that the company is ‘working hard’ to reduce costs across the business and keep prices low for its customers

Sainsbury’s has revealed its first quarter like-for-like sales for the 16 weeks to 25 June 2022 fell 4% YOY as it warned the pressure on households budgets is only set to “intensify” over the remainder of the year.

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