Sainsbury’s raises FY22 guidance amid rising sales

The news follows the supermarket chain's Q1 trading statement for the 16 weeks to 26 June 2021 which saw like-for-like sales increase 1.6%

Sainsbury’s has raised its full-year guidance for the financial year ended March 2022, with its underlying profit-before-tax now expected to be at least £660m, up from the previously forecasted £620m, with progress weighted towards the first half.

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