1.3 C
Ottawa
Friday, March 14, 2025

Dow Jones Newswires: J Sainsbury sees 2023 profit toward upper end of views on robust Christmas period

Date:

J Sainsbury PLC said Wednesday that it expects to deliver profits for fiscal 2023 toward the upper end of its current guidance following record trading during the Christmas period.

Thank you for reading this post, don't forget to subscribe!

The U.K. grocer
SBRY,
-1.51%

said like-for-like sales excluding fuel rose 5.9% in the 16 weeks ended Jan. 7 compared with the same period a year ago. Like-for-like sales including fuel rose 6.8%, it said.

The FTSE 100 listed company currently expects underlying pretax profit for the year ending March to be toward the upper end of the guidance range of between 630 million pounds and 690 million pounds ($765.5 million and $838.4 million).

The company said the performance of its digital retailer business Argos was exceptional over the Christmas week.

Write to Michael Susin at michael.susin@wsj.com

know more

Popular

More like this
Related

Gold tops $3,000. Here’s what investors joining the gold rush need to know.

Please enable JS and disable any ad blockerknow more

Has Tesla stock hit bottom? Here’s what the options market is saying.

Please enable JS and disable any ad blockerknow more

How does the Champions League draw work?

With the Champions League’s new league phase and the subsequent play-offs now done and dusted, the path through the tournament for the remaining teams is becoming clearer. It’s straight knockout football from the last 16 onwards, and the new format means that now the last-16 draw is completed we have a full clear bracket all