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J Sainsbury backed its guidance for fiscal 2026 after posting an increase in sales for its first quarter driven by a better grocery performance. The British grocer on Tuesday said it continues to expect retail underlying operating profit–the company’s preferred metric, which strips out exceptional and other one-off items–of around 1 billion pounds ($1.37 billion) for 2025-26, and retail free cash flow to surpass 500 million pounds. The U.K.’s second-largest grocer by market share after Tesco posted a 4.9% increase in group sales and a 4.7% rise in like-for-like sales excluding fuel for the 16 weeks ended June 21.
The UK’s second largest supermarket chain will publish its first quarter trading update on Tuesday.
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Waitrose achieved the highest ranking in terms of supplier treatment, while Amazon continues to occupy the lowest position.
The report estimates hitting the 30% re-use target could cut packaging-related emissions by 95%.
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The retailer has seen 24 consecutive four-week periods of share gains in the UK and an improvement in customer satisfaction.
Tesco (LSE:TSCO) reported strong Q1 2026 sales results on June 12, 2025, with group sales totaling £16,383 million, a significant performance driver over the last month. Additionally, recent executive leadership changes, such as Ashwin Prasad taking over as Chief Executive of Tesco UK, also invited attention. These developments occurred against a backdrop of overall market positivity, as indices like the S&P 500 continued their upward trajectory. Tesco's 4.5% share price increase over the...
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The U.K. grocer maintained its full-year expectations after like-for-like sales in its home market rose 5.1%, and edged up 4.1% in central Europe.
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The UK’s largest supermarket chain said it has increased its market share further after investing more in pricing to bring in more customers.
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The UK’s biggest supermarket chain will unveil its financial results for the first three months of its financial year on Thursday.
The supermarket is on track to reach a 65% healthier food sales target by the end of 2025.
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All executive positions will continue to report to group CEO Ken Murphy.