date:May 07, 2013
y analysts have forecast annual pre-tax profits up 5pc to 748m and like-for-like sales up 1.8pc. This would be the best result under Mr King, although profits are below Sainsbury's 1990s heyday.
The figures from Sainsbury's will contrast sharply with Tesco, which reported a 52pc drop in pre-tax profits amid falling sales in the UK, and Wm Morrison, which this week is expected to warn that like-for-like sales fell by up to 2pc in the past three months.
The release of Sainsbury's results is like