Sainsbury’s FY results revenue up, but profits decline

Date : 27 April 2023

Alex Rowberry

Senior Analyst

Sainsbury’s annual results for the 52-week period to 4 March 2023 reveal overall retail sales increased by 2%, to £28.7 bn (inc. VAT, exc. fuel), but underlying profit before tax was down 5% to £690m. Grocery sales drove growth in the year Retail growth was driven by grocery. The category’s…

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