Sainsbury’s Raises Full-Year Profit Outlook After First-Half Rise
Sainsbury’s upgraded its full-year profit outlook after reporting a 3.6% rise for the first half, following Tesco’s earlier outlook increase.
Sainsbury’s (LSE:SBRY), Britain’s second-largest supermarket group, raised its full-year profit outlook on Thursday after reporting a 3.6% increase in first-half profit. It followed industry leader Tesco (LSE:TSCO), which had also upgraded its full-year outlook.