Trading Statement

Sainsbury(J) PLC 12 April 2002 J Sainsbury plc - Fourth Quarter Trading Statement Fifth consecutive quarter of strong like-for-like sales growth J Sainsbury plc, the major UK and US food retailer, today issued its Fourth quarter trading statement for the 12 weeks to 30th March 2002. Sainsbury's Supermarkets (UK) • Quarter Four total sales up 7.6%* - Easter contributing 1.6% • Quarter Four like-for-like sales growth up 6.8%* - Easter contributing 1.5% • Total sales growth for the year up 7.8%* - Easter contributing 0.4% • Like-for-like sales growth for the year up 6.3%* - Easter contributing 0.3% *All sales figures are excluding petrol Shaw's (US) • Quarter Four total sales up 9.1% - Easter contributing 2% • Quarter Four like-for-like sales growth up 4.9% - Easter contributing 1.8% • Total sales growth for the year up 8.2% - Easter contributing 0.5% • Like-for-like sales growth for the year up 3.9% - Easter contributing 0.4% Sir Peter Davis, group chief executive, said: 'For the UK supermarkets, we are pleased to report total sales growth of 7.8%* for the year and like-for-like sales growth (adjusted for Easter) of 6%*. This is our fifth consecutive quarter of strong like for like sales growth and I am particularly pleased with this performance as it is against strong comparatives for the first time. These numbers demonstrate a sustained step change in our UK supermarkets sales performance. This is clear evidence that our strategy of upgrading our store portfolio combined with offering outstanding quality and great service at competitive prices is being well received by our customers. We have made real progress and this is evidenced by the fact that we outperformed the industry average for like-for-like sales growth in the quarter and the year. Shaw's in the US has maintained good progress with total sales growth for the year of 8.2% and like-for-like sales growth of 3.5% (adjusted for Easter). Quarter Four like-for-like sales growth saw an improvement over Quarter Three, despite a mild winter and challenging economic conditions. We look forward to providing a full update on the progress of our UK recovery programme in our preliminary results announcement on 29th May 2002.' Unaudited Quarter Four sales Sainsbury's Supermarkets Shaws Excluding Petrol Including Petrol Q4 2002 Q4 2001 Q4 2002 Q4 2001 Q4 2002 Q4 2001 Total sales growth 7.6% 6.9% 6.2% 6.0% 9.1% 3.2% Net new space added 0.8% 2.1% 0.8% 2.2% 4.2% 0.7% Like for like sales growth 6.8% 4.8% 5.4% 3.8% 4.9% 2.5% Easter adjusted: Total sales growth 6.0% 6.9% 4.9% 6.0% 7.1% 3.2% Like for like sales growth 5.3% 4.8% 4.2% 3.8% 3.1% 2.5% Notes: 1.Sainsbury's Supermarket's inflation in Q4 was -0.4% including petrol, and 1.6% excluding petrol. 2. The Q4 reported numbers included the week before Easter that was not in the comparatives, and therefore the 2001/02 numbers have been adjusted to a comparable basis. Unaudited Full Year 2001/02 sales Sainsbury's Supermarkets Shaws Excluding Petrol Including Petrol FY 2002 FY 2001 FY 2002 FY 2001 FY 2002 FY 2001 Total sales 7.8% 3.9% 6.9% 4.7% 8.2% 5.4% Net new space added 1.5% 2.2% 1.5% 2.4% 4.3% 4.0% Like for like sales growth 6.3% 1.7% 5.4% 2.3% 3.9% 1.4% Easter adjusted: Total sales growth 7.4% 3.9% 6.5% 4.7% 7.7% 5.4% Like for like sales growth 6.0% 1.7% 5.1% 2.3% 3.5% 5.4% Notes: 1.Sainsbury's Supermarket's inflation in FY was -0.2% including petrol, and 1.7% excluding petrol. 2. The Q4 reported numbers included the week before Easter that was not in the comparatives, and therefore the 2001/02 numbers have been adjusted to a comparable basis. For enquiries: Investor Relations +44 (0) 20 7695 7162 Roger Matthews Lynda Ashton Jennifer van der Eem Media +44 (0) 20 7695 6329 Peter Davis Mandy Pursey This information is provided by RNS The company news service from the London Stock Exchange
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