Reported 2 days ago
British supermarket chain Sainsbury’s has announced a remarkable 76.6% increase in after-tax profit for the fiscal year 2024/25, reaching £242 million. The company's revenue also grew by 1.8% to £32.81 billion, with strong sales momentum leading to a retail underlying operating profit of £1.04 billion. Sainsbury's CEO highlighted their commitment to maintaining a competitive advantage through cost-saving initiatives and enhancing customer loyalty with personalized offerings. Looking ahead, Sainsbury's plans to continue outperforming market growth in grocery volumes.
Source: YAHOO