Grocery Volume Growth and Market Share Gains
Sainsbury's grocery business experienced volume growth ahead of the market, achieving the biggest market share gains in the industry, with profit contribution growth of 8.7%.
Improvement in Customer Value Perception
The company saw the biggest ever improvement in customers' perception of its value, up 8.5 percentage points year-on-year, leading to increased customer satisfaction.
Strong Tu Clothing Performance
Tu clothing sales returned to growth in the second quarter, driven by Q2 clothing growth of 8.3%, with significant improvements in availability and style.
Financial Services Positive Outlook
Underlying operating profit in Financial Services grew by 38% to £18 million, with expectations to achieve total Financial Services underlying profit of between £15 million and £25 million for the full year.
Nectar Loyalty Platform Growth
Nectar Prices participation has grown with five million customers shopping Nectar Prices every week, contributing significantly to overall value perception.