Sainsbury’s swings to £261m loss as Covid costs rise to £485m

Alongside the group’s recent restructuring, which saw 1,200 job cuts, the grocer also swung to statutory loss before tax of £261m

Sainsbury’s has slumped to a pre-tax loss of £261m, down from a profit of £255m the year before, after it was hit by £485m in Covid-19 related costs during the full-year period ending 6 March 2021.

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