Sainsbury’s warns Middle East conflict could lead to profit fall

Sainsbury’s has reported a sixth consecutive year of grocery market outperformance; however cautioned that disruptions from the Middle East war could lead to a drop in profit. For the 52 weeks to 28 February 2026, sales excluding fuel rose 4.9% to £25.9bn, with grocery sales up 5.2%. Retail underlying operating profit was £1.025bn, down 1.1%,...