Overview

• Sainsbury’s reported a 7.2% rise in retail operating profit to £1.03 billion and 4.2% sales growth to £26.6 billion for the year ending March 2025.
• The retailer forecasts flat underlying operating profits of around £1 billion for the next financial year due to escalating price competition and higher costs.
• Sainsbury’s has invested £1 billion in price cuts, achieving its largest market share gain in more than a decade and growing grocery sales by 4.5%.
• The company plans its biggest store expansion in over ten years, with 40 new stores opening to strengthen its market position.
• Cost-saving measures, including the closure of 61 in-store cafés, 3,000 job cuts, and warehouse consolidation, aim to offset rising labor and operational expenses.