Analysis: Can Sainsbury’s food-first focus stand up to inflationary pressures?
A year into its strategy to put food back at the heart of its business, Sainsbury’s has delivered strong profit growth. Yet as the cost-of-living crisis begins to bite, the grocer is faced with unique challenges on top of the hyper-inflationary market
Sainsbury’s reported a 25% increase in underlying profit before tax to £730m during the 52 weeks to March 5. Sales including fuel climbed 2.9% to £29.8bn but were down 2.6% excluding fuel.
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