Supermarket group Sainsbury’s, owners of furniture brand Habitat and catalogue retailer Argos, has reported a growth in full year sales.
According to its Preliminary Results for the 52 weeks ended 28 February 2026, total sales rose 4.9% to £25.9bn from £24.6bn. Argos sales rose 0.7% to £4.1bn from £4bn.
Pre-tax profit rose 2% to £619m, while statutory profit after tax resulted £393m, up 55.3%, primarily reflecting lower Financial Services discontinued operations losses and restructuring costs. The group said Argos profits were broadly in line with last year.
Sainsbury’s General Merchandise sales fell 3.2%, primarily reflecting expected volume decline driven by strategic choice to allocate more space to food.
As highlighted, Argos sales rose 0.7%. Strong summer performance was offset by subdued consumer spending over peak Black Friday and Christmas period. Sales volumes rose 3.7%, driven by higher customer numbers and bigger baskets.
During the period, the group re-launched Chad Valley and design-led collaborations in Habitat, which resulted in positive market share performances in both toys and homewares with a 21% improvement in sales growth in Chad Valley post-launch.
As at 28 February 2026, Argos had 201 standalone stores, 466 stores in Sainsbury’s and 466 collection points, giving a total of 1,133 points of presence.
