Sainsbury’s eyes £1bn retail profit as it hails ‘strongest year of grocery’

Sainsbury’s is expecting strong profit growth this financial year as the supermarket won shoppers and market share with its competitive loyalty card prices.
Profit for the year edged up 1.6% to £701m, ahead of company guidance of between £670m and £700m and the £690m made in 2022/23.
The UK’s second-biggest grocer said it expects underlying operating profit of as much as £1.06bn from retail operations in 2024-25 – up from £966m in the year th