Sainsbury’s profits grow 9% thanks to online and convenience stores

Sainsbury’s has reported a 9.1% pre-tax profit growth to £433m for its half-year to September.

The supermarket attributed the growth to own-brand products and convenience store growth.

Total sales for the six months to 28 September were up by 4.4%.

Online sales grew 15%. Convenience store sales increased by more than 20%.

Sainsbury’s has experienced some 35 consecutive quarters of sales growth.

It now has more than 1,100 outlets, spanning supermarkets and convenience stores.

Its current 16.8% share of the UK grocery market is the highest it’s been in a decade.

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