The consensus profit forecast for the latest set of results published for J Sainsbury - out on Wednesday - is £358 million.
The supermarket giant is expected to take another step in its recovery when it reports full-year results
Expectations have risen since Sainsbury’s trading update in March, when the group posted its fifth quarter of sales growth in a row.
Buoyed by the success of its Try Something New campaign, like-for-like sales rose by 5.3 per cent for its most recently released 12-week period of results, exceeding all market expectations.
The UK’s number three grocery retailer, Sainsbury’s has clawed back at Asda, particularly, and is breathing down second-placed Leeds-based chain for its position as chief Tesco pursuer.
