Sainsbury’s chief executive Simon Roberts said there is inflationary pressure still to come through the supply chain, though it is not as significant as some had expected. He noted that grocery inflation at Sainsbury’s was lower in the most recent quarter compared to the previous period. Total retail sales excluding fuel grew 2.7% to £9.15 billion in the 16 weeks to June 20, with grocery sales up 3.6%, while general merchandise and clothing sales fell 3.7% and Argos sales dipped 0.5%. Roberts said customers are looking for value more than ever, and the company has been investing in price match and discount schemes. Sainsbury’s shares rose 1.9% in early trading.
J Sainsbury PLCCEO warns of inflationary pressure through supply chain, which could allow Sainsbury's to pass on higher prices to customers, supporting margins.