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Sainsbury’s Warns of Lower Profit Amid Cost-of-Living Crisis

  • Grocer sees “significant external pressures and uncertainties”
  • Profit last year boosted by shoppers eating more food at home
Sainsbury has benefited from more consumers eating at home and online shopping during the pandemic.

Sainsbury has benefited from more consumers eating at home and online shopping during the pandemic.

Photographer: Simon Dawson/Bloomberg
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J Sainsbury Plc said profit will fall this year as normal shopping habits return following the end of lockdowns and as shoppers feel squeezed by the higher cost of living.