Sainsbury’s Raises Profit Guidance After Robust First Half
Sainsbury’s reported underlying sales excluding fuel rose 2.6% to £14bn in the 28 weeks to 12 September, while underlying operating profit increased 3.6% to £525m.
The supermarket giant, which is in the process of selling general retailer Argos, said underlying sales excluding fuel rose 2.6% in the 28 weeks to 12 September, to £14bn, while underlying operating profits were 3.6% stronger at £525m.Grocery sales sparked 2.9%, at £13.2bn, driving by ongoing volum…