Sainsbury’s raises the floor of its profit outlook after stronger first-half trading
Sainsbury’s ($SBRY) increased the lower end of its fiscal 2026/27 underlying operating-profit forecast for continuing operations to £1.025 billion, with the upper end unchanged at £1.065 billion. The comparable previous range was £965 million–£1.065 billion after removing Argos. First-half 2026/27 continuing sales excluding fuel rose 2.6% to £13.96 billion, while underlying operating profit increased 3.6% to £525 million. The improvement contrasts with a statutory after-tax loss of £164 million,
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