Sainsbury’s toasts £60m more profits as champagne sales soar

Total sales slip after supply problems with technology, gaming kit and toys hit group’s Argos chain

Sainsbury’s is to make £60m more in annual profits than predicted after enjoying better than expected food and drink sales over Christmas as shoppers bought more champagne than ever before.

The UK’s second biggest supermarket said grocery sales rose 0.8% in the six weeks to 8 January, excluding Boxing Day, when it chose to close this year, as more people dined at home as the Omicron wave of Covid-19 put a dampener on trips to restaurants and pubs.

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