J Sainsbury plc (LSE:SBRY) held 2026/27 targets — operating profit £975m–£1,075m and >£500m retail free cash flow — while Q1 like‑for‑like sales ex‑fuel rose 2.1%, management notes ongoing input cost pressure as UK grocery inflation ticks to 3.0%, and RBC stays upbeat.
Previous Week Recap
- Sainsbury Targets Confirmed, Profit Outlook: J Sainsbury (SBRY) keeps 2026/27 targets: underlying operating profit £975m–£1,075m, retail free cash flow >£500m. Q1 like‑for‑like sales ex‑fuel +2.1%. On track for £1bn cost savings.
- RBC Affirms Sainsbury, 375p Target: RBC kept an outperform on J Sainsbury (SBRY) and a 375p target, citing strong cash generation, solid balance sheet and Argos appeal; shares rose 1.8% to 336.5p.
- Sainsbury CFO Notes Inflation Pressure: Sainsbury’s CFO Simon Roberts: UK grocery inflation 3.0% in four weeks to June 14; Sainsbury faces ongoing input cost pressure; rivals say Iran war inflation impact not yet seen in sector.
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