Supermarkets operator Sainsbury (LON: SBRY) is scheduled to make a trading statement on 4 July. This will cover the 16 weeks to 24 June 2023. There are particular things to look out for in the statement.
This follows the recent first quarter update by rival supermarkets operator Tesco (LON: TSCO). That showed a like-for-like sales increase of 8.2%. The UK supermarkets figure was 9% and larger stores did even better. Market share was maintained at 27.1%.
Inflation
CPI food inflation peaked at 19.5% in March, while it is expected to fall to 16.5% in June. It is anticipated that althoug...
