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Sainsbury’s confident of keeping stores stocked as it returns to profit
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Sainsbury’s has shrugged off supply chain problems with a return to profit and rise in sales as families bought more petrol and clothing and continued to cook more meals at home.
Total sales, including fuel, rose 6% in the six months to 18 September, including a 0.8% rise in groceries despite issues with importing foods caused by a mix of the Covid-19 pandemic and Brexit. Clothing sales rose by one-third and fuel sales were up almost 63% as families returned to school and workplaces after last year’s lockdowns.
The group returned to profit, making £541m before tax, after a £137m loss a year before, saying it had cut costs at the Argos chain and improved grocery sales.
Sales at Argos fell by just over 7% after a busy 2020 when families were
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