Sainsbury May Slow Expansion After Three-Year Spurt, FT Reports

J Sainsbury Plc (SBRY), the U.K.’s third- largest supermarket chain, may slow store openings after a three-year surge to cut costs, the Financial Times said.

Sainsbury, which is due to report annual earnings next week, is under pressure to temper growth, the newspaper said, citing analysts. Sainsbury is expected to post pretax profit of 700 million pounds ($1.13 billion), compared with 665 million pounds a year earlier, the FT said, citing analysts.

To contact the reporters on this story: Ambereen Choudhury in London at achoudhury@bloomberg.net

To contact the editors responsible for this story: Edward Evans in London at at eevans3@bloomberg.net

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