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flag Sainsbury’s sales rose 5.1% at Christmas, but shares fell 6% amid profit concerns and speculation over selling Argos.

flag Sainsbury’s reported a 5.1% rise in festive grocery sales, driven by strong demand for its premium Taste the Difference brand, marking its sixth consecutive Christmas with market share gains. flag However, Argos sales fell 2.2% and non-food and clothing sales declined 1%, due to weak consumer spending on higher-ticket items and intense competition from discounters and online retailers. flag Overall like-for-like sales excluding fuel rose 3.4% over 16 weeks, a slowdown from the prior quarter, but the company maintained its full-year profit guidance above £1 billion and upgraded its free cash flow outlook. flag CEO Simon Roberts cited ongoing cost-of-living pressures and inflation easing as key factors, while shares dropped 6% amid market disappointment and renewed speculation over a potential Argos sale, which the company declined to confirm.

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