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Monday, February 6, 2023

Nw: Dow Jones Newswires: J Sainsbury sees 2023 income in direction of higher conclude of views on sturdy Christmas duration

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J Sainsbury PLC mentioned Wednesday that it expects to bring earnings for fiscal 2023 in direction of the upper conclude of its fresh guidance following chronicle trading all the intention in which by the Christmas duration.

The U.K. grocer SBRY, -0.33% mentioned indulge in-for-indulge in sales excluding gasoline rose 5.9% within the 16 weeks ended Jan. 7 when compared with the identical duration a year within the past. Bask in-for-indulge in sales collectively with gasoline rose 6.8%, it mentioned.

The FTSE 100 listed company for the time being expects underlying pretax income for the year ending March to be in direction of the upper conclude of the guidance differ of between 630 million pounds and 690 million pounds ($765.5 million and $838.4 million).

The corporate mentioned the performance of its digital retailer industry Argos became once outstanding over the Christmas week.

Write to Michael Susin at michael.susin@wsj.com

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