Sainsbury's profit set to dip as price war looms
Source: BBC
Sainsbury's expects the impact of lowering prices to be relatively small. It predicts underlying retail profit will tick down by around £36m over the year.This is far below the potential £400m hit announced by Tesco.Sainsbury's set out its expectations as it revealed that full-year sales rose by 3.1% to £31.5bn. Pre-tax profit jumped from £277m to £384m.While revenue at Sainsbury's grew strongly over the 12…
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