markets · · proactiveinvestors.com
Sainsbury's raises profit outlook after first-half growth
J Sainsbury PLC (LSE:SBRY) raised the lower end of its full-year profit guidance after first-half operating profit increased 4% as grocery volume growth and cost savings offset continued investment in prices and service. The supermarket group now expects underlying operating profit from continuing operations of between £1.03 billion and £1.07 billion, compared with its previous equivalent range of £965 million to £1.07 billion after removing Argos.
J Sainsbury PLC (LSE:SBRY) raised the lower end of its full-year profit guidance after first-half operating profit increased 4% as grocery volume growth and cost savings offset continued investment in prices and service. The supermarket group now expects underlying operating profit from continuing operations of between £1.03 billion and £1.07 billion, compared with its previous equivalent range of £965 million to £1.07 billion after removing Argos.
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