Sainsbury's Follows Tesco in Lifting Full Year Profit Out
The retailer said grocery volumes rose as price inflation eased, while underlying operating profit increased 3.6% to £525 million.
- Britain's second-biggest supermarket group, Sainsbury's, upgraded the lower end of its full-year profit outlook today after posting a 3.6% rise in underlying operating profit for the first half.
- Pricing measures including the Nectar loyalty card and Aldi Price Match scheme helped bring in more customers, with shoppers buying higher volumes as price inflation slowed.
- Grocery sales rose 2.9% to £13.2 billion, while fuel sales shot 17.8% higher due to surging oil prices following the Iran war; general merchandise sales slipped 3.4% amid a "subdued clothing market."
- Sainsbury's CEO Simon Roberts said the company is "building a simpler, more focused Sainsbury's" as it progresses the sale of Argos to Swift Partners, led by former Co-operative Group boss Richard Pennycook.
- Looking to the second half, Sainsbury's expects the market to remain "very competitive," though Roberts stressed that "many households are finding things tough at the moment" amid consumer budget pressure.
12 Articles
12 Articles
UK's Sainsbury's follows Tesco in lifting profit outlook
Sainsbury's, Britain's second-biggest supermarket group, followed industry leader Tesco in upgrading the lower end of its full-year profit outlook on Thursday after posting a 3.6% rise for its first half despite slower sales growth.
Sainsbury's follows Tesco in lifting full year profit out
Sainsbury's, Britain's second-biggest supermarket group, followed industry leader Tesco in upgrading the lower end of its full-year profit outlook today after posting a 3.6% rise for its first half despite slower sales growth.
Sainsbury’s warns on 'tough' conditions as sales growth slows
Sainsbury’s has lifted its profit targets for the full year even as it reported slowing sales and warned of “tough” conditions in the coming months. The UK’s second-largest supermarket said the “consistent strength of our customer offer” is driving sales growth and gains in market share, despite chief executive Simon Roberts warning that “many households [...]
Sainsbury’s grows faster than Tesco in H1, but its sales momentum is fading, says GlobalData
Discover what's happening in retail today, Retail Times publishes international & UK retail news covering products, data, tech, packaging, people, research, comment and much more. Following today’s release of Sainsbury’s figures for the 28 weeks ending 12 September 2026; Eleanor Simpson-Gould, senior retail analyst at GlobalData, a leading intelligence and productivity platform, offers her view: “Sainsbury’s has outpaced Tesco on sales growth in…
Sainsbury’s Reports £525m First-Half Operating Profit and Raises Full-Year Guidance as Argos Sale Progresses
Grocery sales rose 2.9% to £13.2 billion, with continuing-operations profit guidance increased to £1.025 billion–£1.065 billion for 2026/27. IN BRIEFKEY TAKEAWAYSFAQs J Sainsbury plc reported sales from continuing operations excluding fuel of £14.0 billion for the 28 weeks ended 12 … Read the full press release →
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