Sainsbury’s profits fall 8% in H1 after investment to tackle cost-of-living crisis

It said it continues to expect underlying profit before tax in FY22/23 to be between £630m and £690m

Sainsbury’s has revealed its underlying profit before tax was £340m for the 28 weeks ended 17 September, down 8% after investing in keeping prices low amid record inflation rates and staff wage increases.

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