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Investing.com -- Sainsbury (LON:SBRY)’s saw a 7.2% increase in annual profit, but warned that earnings are likely to be flat in the year ahead as it contends with higher costs and rising competition in the UK grocery sector.
The British retailer posted retail underlying operating profit of £1.036 billion for the year ended March 1, 2025—matching analyst expectations.
Sainsbury’s full-year sales, excluding fuel costs, came in at £26.6 billion, up 4.2% year-over-year.
For the current financial year, it forecast profit of “around” £1 billion, just below the £1.08 billion average estimate from analysts prior to the update.
With a 15% share of the U.K. grocery market, Sainsbury’s said it is well-positioned competitively and aims to maintain its edge.
“We expect to continue to grow grocery volumes ahead of the market and we have started the year with good trading momentum across all our brands,” the company said. "We expect to deliver Retail underlying operating profit of around £1 billion and Retail free cash flow of more than £500 million."