Sainsburys profits top £1bn after closing all cafes and cutting 3,000 jobs

Are Sainsbury's shares a white-hot buy as annual profits hit £1bn?

Sainsbury‘s (LSE:SBRY) made headlines this week by announcing its entry into the prestigious ‘£1bn Club’. It sending its shares higher in the process. On Thursday (17 April), the FTSE 100 grocer said retail sales (excluding fuel) rose 3.1% in the 52 weeks to 1 March, to £31.6bn. This in turn propelled retail underlying operating profit through £1bn for the first time, and up 7.2% year on year. Celebrating “a record-breaking year in grocery“, Sai…

Sainsbury's new update over closures of well-liked sections

Sainsbury's is making cuts as it streamlines the business despite strong profit results. Thousands of jobs will also be axed

Sainsbury's profits top £1bn after closing all cafes and cutting 3,000

Annual profits at the UK’s second biggest supermarket, Sainsbury’s, have reached £1bn. The supermarket chain reported that sales and profits grew over the year to March. It also comes after Sainsbury’s announced in January plans to close of all of its in-store cafes and the loss of 3,000 jobs. But the high profits are not expected to increase, according to Sainsbury’s, which warned of heightened competition as a supermarket price war heats up. T…

Sainsbury's issues update as popular sections at major stores face closure - The Mirror

The supermarket giant is making cutbacks despite new performance results showing healthy profits. Three thousand jobs are going and 61 cafes shutting

Sainsburys profits top £1bn after closing all cafes and cutting 3,000 jobs

The supermarket chain warned of static profits in the coming year due to a price war, which could bring prices down for shoppers.

Sainsbury’s profits top £1 billion

Sainsbury’s has reported an underlying operating profit of more than £1 billion for the 52-week period ending 1 March 2025.