StocksMediumUpdated•Originally published 22 October 2026•Updated 22 October 2026•
1 min read
Sainsbury’s Posts £164 Million Statutory Loss Despite Raising Profit Guidance
Key Facts
1J Sainsbury PLC raised the lower end of its full-year underlying operating profit guidance to between £1.03 billion and £1.07 billion.
2First-half operating profit increased by 4% driven by grocery volume growth and cost-saving initiatives.
J Sainsbury PLC reported a statutory loss of £164 million, even as the company raised the lower end of its full-year underlying operating profit guidance to a range of £1.03 billion to £1.07 billion. Proactive Investors reported that first-half operating profit increased by 4%, supported by grocery volume growth and cost-saving initiatives.
SBRY.L closed at 360p on October 21, 2026, with the stock trading between a low of 356.38p and a high of 362.1p during that session. The statutory loss contrasts with a 3% increase in sales from continuing operations excluding fuel to £14 billion, while the company confirmed it has completed £200 million of its planned £300 million share buyback program.