The Guardian Australia – Business
·business
·2 hours ago
Sainsbury's warns of profit declines amid rising costs and Iran war
Sainsbury's warned of potential profit declines this year due to the impact of the Iran war. The supermarket group, reporting a 1.1% increase in annual profits to £1.03 billion, faces rising business costs and squeezed customer budgets. CEO Simon Roberts emphasized the commitment to providing value amid heightened cost-of-living concerns.
Summary by Glance · The Guardian Australia – Business
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