Sainsbury's sees fall in pre-tax profit as it reveals cost of 'keeping prices low' during cost-of-living crisis

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Sainsbury's sees fall in pre-tax profit as it reveals cost of 'keeping prices low' during cost-of-living crisis
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Sainsbury's has reported a fall in its pre-tax profit, as it reveals it has spent more than £560m on 'keeping our prices low over the last two years'.

Sainsbury's has reported a fall in its pre-tax profit, as it reveals it has spent more than £560m on"keeping our prices low over the last two years".

Chief executive Simon Roberts said:"We really get how tough life is for so many households right now which is why we are absolutely determined to battle inflation for our customers. "As a result, we are now the best value compared to our competitors that we have been in many years and we are delivering improved market share performance in Sainsbury's and Argos."

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