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Sainsburys sees strong profit growth this year on food pivot

By Frank Prenesti

Date: Thursday 25 Apr 2024

(Sharecast News) - UK supermarket chain Sainsbury's said it expected to grow profits by 5-10% this year after delivering better-than-expected earnings for 2023/24.


Underlying pre-tax profit for the year to March 2 rose 1.6% to £701m, beating Sainsbury's own guidance of £670 - 700m. It expects current-year underlying...

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