Sainsbury’s forecasts ‘strong’ profit growth as it wins customers from rivals
by Holly Williams
Apr 26, 2024
2 minutes
Sainsbury’s has said it expects to deliver “strong” profit growth over the year ahead after cheering surging food sales by reining in prices to help win customers from rivals.
The supermarket giant reported a better-than-expected 1.6% rise in underlying pre-tax profits to £701 million for the year to March 2.
But the figures came as the chain was hit by an embarrassingly-timed delivery service
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