01-07-2025
- Business
- Wall Street Journal
Sainsbury's Backs Guidance After Sales Rise
J Sainsbury SBRY 0.98%increase; green up pointing triangle backed its guidance for fiscal 2026 after posting an increase in sales for its first quarter driven by a better grocery performance.
The British grocer on Tuesday said it continues to expect retail underlying operating profit–the company's preferred metric, which strips out exceptional and other one-off items–of around 1 billion pounds ($1.37 billion) for 2025-26, and retail free cash flow to surpass 500 million pounds. Grocery volumes should grow ahead of market, it said.
