Sainsbury’s predicts flat profits as grocery price war heats up
- Sainsbury's predicts flat profits of around £1 billion for the new financial year due to intensified price competition and rising costs, despite a strong sales increase of 4.2% to £26.6 billion.
- The supermarket's underlying operating profits grew by 7.2% to £1.03 billion for the year ending in March.
- Simon Roberts, Chief Executive of Sainsbury's, stated that their investment of £1 billion in pricing aims to enhance value, quality, and service for customers.
- Competitors Tesco and Asda are also responding to market pressures by planning price cuts and investing in their services to attract customers.
25 Articles
25 Articles
Sainsbury's slashes price of £15.50 Cadbury eggs as they're left on shelves - The Mirror
It seems likes two Cadbury Easter eggs which formerly carried a heft £15.50 price tag in Sainsbury's may not be that in demand as heaps of the eggs have been seen left on shelves ahead of Easter Sunday
Sainsbury’s invests £1billion on pricing to fight rivals Tesco and Asda
GROCERY chain Sainsbury’s yesterday entered the growing supermarket war by announcing it will invest £1billion to improve its pricing. It was responding to a similar vow from rival Tesco this month, while Asda said in March it would slash prices in a bid to turn around its fortunes. GettySainsbury’s has invested £1billion on pricing to fight its biggest rivals[/caption] Sainsbury’s reported that profits rose by 7.2 per cent to £1.03billion for t…
Sainsbury’s reports healthy growth despite fears of a supermarket price war
Sainsbury’s has reported a healthy 7.2% increase in operating profit; however it is forecasting underlying profit for 2025/26 to be in the order of £1 billion ($1.3 billion)—slightly down by £36 million ($47.6 million) on the year to March 1st. The supermarket reported it is on track to deliver a further £1 billion ($1.3 billion) in cost savings by the financial year 2026/27. The U.K. supermarket chain also advised that its £200 million ($265 mi…
As the Sainsbury share price bucks the price-war trend on FY results, I examine the dividend prospects
The J Sainsbury (LSE: SBRY) share price remains steady, even though the UK supermarket giant is the latest to report pressure from escalating price wars. With full-year results for the year to March 2025, the company said it expects no growth in retail underlying operating profit in the 2025-26 year. The year just ended brought in £1,036m. But Sainsbury only expects to report about the same again for the coming year. Price wars In March Asda lau…
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