Sainsbury’s Publishes 2026/27 Interim Results Transcript
- Sainsbury’s raised its fiscal 2026/27 continuing operating profit forecast floor at October 22 interim results attended by CEO Simon Roberts and CFO Bláthnaid Bergin.
- Underlying operating profit guidance narrowed to £1.03 billion–£1.07 billion; management expects 2% second-half profit growth at the midpoint.
- First-half underlying operating profit rose 3.6% to £525 million, supported by volume growth and cost savings.
- The Argos sale to Swift Partners is expected to close in February 2027; disposal impairment and separation provisions totaled £317 million.
- Management flagged subdued market volumes and rising fresh-food input pressures, while maintaining annual free cash flow guidance above £500 million.
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