Grocery

Sainsbury’s profits slide as strong sales fail to offset Covid costs

By 28 April 2021

Sainsbury's Edinburgh

Sainsbury’s has recorded a sharp drop in profits over the past year with its results ”heavily influenced by the pandemic”. 

The grocer’s underlying profit before tax fell 39% to £356m in the 52 weeks to March 6, 2021, as strong sales failed to offset £485m of directly Covid-related costs.

 

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