Sainsbury's reports half-year results with sales growth and Argos sale
Underlying operating profit rose 3.6% to £525m as grocery volumes increased. The company agreed to sell Argos to Swift Partners by February 2027.
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UK supermarket and retail group
corporate.sainsburys.co.ukLast updated
In short: Sainsbury's reported higher half-year profit, sold Argos, and upgraded its full-year outlook.
Underlying operating profit rose 3.6% to £525m as grocery volumes increased. The company agreed to sell Argos to Swift Partners by February 2027.
The document outlines FY26/27 guidance, Q1 sales growth in groceries, and announced plans to sell Argos to Swift Partners for completion in February 2027.
The transaction simplifies the business, generating cash proceeds and focusing on core grocery operations. Swift will manage Argos long-term.
Driven by value focus and Aldi Price Match. Grocery sales rose 3.6%, while Argos fell 0.5% amid transformation plans.
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