Sainsbury 's has posted a nearly 20 % drop in underlying pre - tax profits , from £ 681 m to £ 587 m in March . Cost of the intense supermarket price war , falling fuel prices and deflation contributed to the decline . Sales fell 1.1 % to £ 25.8bn and like - for - like sales were down 0.9 % during the year . Asda performed the worst of the ' Big Four ' supermarkets with a 17 % drop but Boots and Lidl increased sales by 12.5 % and 15.4 % respectively .
Sainsbury's has posted a nearly 14% fall in underlying pre-tax profits, from £681m to £587m in March YoY. Cost of the intense supermarket price war, falling food prices and deflation contributed to the decline. Sales fell 1.1% to £25.8bn and like-for-like sales were down 0.9% during the year. Asda performed the worst of the 'Big Four' supermarkets with a 5.1% drop but Aldi and Lidl increased sales by 12.5% and 15.4% respectively.