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Sainsbury's expects operating profit growth as volumes rise

Some evidence of trading up came through in the results
April 25, 2024
  • Exit from core banking arm
  • Grocery volume growth

J Sainsbury (SBRY) expects retail underlying operating profit to rise by 5-10 per cent to over £1bn in its new financial year as its grocery volumes benefit from easing food price inflation, but another flat annual dividend highlights that this was a mixed set of results for the UK's second-biggest supermarket. 

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