Learn languages naturally with fresh, real content!

Popular Topics
Explore By Region
Sainsbury’s raises profit forecast above £1 billion, driven by strong sales and cost cuts, despite Argos sale talks failing.
Sainsbury’s has raised its annual earnings forecast, now expecting retail underlying operating profit to exceed £1 billion, citing stronger-than-expected first-half performance.
The UK’s second-largest supermarket reported a £504 million operating profit for the 28 weeks ending September 13, slightly up from last year and above its prior forecast.
Like-for-like sales, excluding fuel, rose 4.5% over the period, with food sales growing 5.7% in the second quarter.
Argos sales growth slowed to 0.1% in the quarter, down from 4% in the first, amid market competition and deflation.
Talks to sell Argos to JD.com collapsed due to disagreements over terms.
The company also cut costs by closing in-store cafes and removing hot food and bakery counters, leading to over 3,000 job losses.
CEO Simon Roberts cited disciplined pricing and sustained grocery volume growth as key factors behind the improved outlook, expressing confidence ahead of the Christmas trading period despite ongoing cost pressures.
Sainsbury's eleva su pronóstico de ganancias por encima de los 1.000 millones de libras, impulsado por fuertes ventas y recortes de costos, a pesar del fracaso de las negociaciones de venta de Argos.