Sainsbury’s gains despite cautious outlook for profits
FY26 retail profit guidance below consensus Investors cheer buyback and special dividend Reaction in sharp contrast to Tesco last week Investors in the UK's second-largest supermarket group Sainsbury's (SBRY) were treated to a triptych of good news with better-than-expected full-year results, a new £200 million buyback and a special dividend. This seemed to overshadow the news retail profit...