Corporate News
J Sainsbury PLC Reports Strong First‑Half Earnings and Updated Full‑Year Outlook
J Sainsbury PLC announced a notable improvement in its first‑half financial results, with after‑tax profit rising significantly compared with the previous year and underlying operating profit showing a modest increase. Earnings per share also climbed, reflecting the company’s stronger performance.
The supermarket chain highlighted a rise in like‑for‑like sales over the 28 weeks ending mid‑September, attributing the growth to solid food sales and attractive loyalty‑programme discounts. In response to the positive earnings, management updated its full‑year outlook, projecting underlying operating profit from retail to surpass the earlier target of one billion pounds. The market reacted favorably, with the company’s shares gaining a modest amount during the session.
