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UK grocer Sainsbury's says will outperform price-cutting rivals
date:May 08, 2014
nds and the 756 million pounds made in 2012-13.

Group sales, including VAT sales tax, rose 2.8 percent to 26.4 billion pounds.

Though Sainsbury's 16.8 percent market share is its highest for a decade, its nine-year run of quarterly sales growth came to an end in its fourth quarter when like-for-like sales fell 3.1 percent.

With analysts on average forecasting that Sainsbury's profit will fall to 762 million pounds in 2014-15, King denied he was getting out at the top.

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12/25 01:14