General · 30 June 2026
Sainsbury's reports 2.1% sales growth slowdown
Shoppers face tighter spending choices as UK retail demand cools. Sainsbury's said first-quarter like-for-like sales rose 2.1% in 16 weeks to June 20, below 3.1% in prior quarter, mirroring Tesco weaker growth while keeping full-year profit outlook steady. The group maintained expected annual operating profit between £975 million and £1.075 billion despite weaker non-food sales and higher cost pressure from Middle East-linked energy prices.
Reported by Reuters · How we write briefs