Look ahead to FTSE 350, other companies reporting and economic events from 29 June – 3 July 2026

• Sainsbury’s will be looking to start the year well
• Associated British Foods is likely to remain under pressure

J Sainsbury, Q1 Trading Statement, Tuesday 30^th June

Aarin Chiekrie, equity analyst, Hargreaves Lansdown: 

“Sainsbury’s results were largely as expected last year, with retail revenue rising 4.3% to £30.0bn. Grown was driven by a 5.2% uplift in grocery sales as improved products, value perception and initiatives like the ALDI price match helped the group gain market share from competitors. But Argos remained a drag on performance. Alongside rising cost pressures and weakening consumer backdrop, Sainsbury’s issued an underwhelming outlook with the midpoint of full-year guidance pointing to flat underlying operating profits of £1.0bn.

Looking ahead to next week’s first-quarter update, the picture’s unlikely to have changed. The UK food market is proving resilient overall, and Sainsbury is executing well on its plan to put food first, which should see grocery sales trend higher. But the group’s overexposure to general merchandise through its ownership of Argos is likely to hold back progress. Cost pressures remain a threat to monitor, but inflation has been surprisingly stable, and no changes are expected to full-year guidance yet.”

Associated British Foods, Q3 Trading Statement, Thursday 2^nd July

Aarin Chiekrie, equity analyst, Hargreaves Lansdown:

“Associated British Foods (ABF) has faced some headwinds of late, causing total first-half sales to drop 2% to £9.5bn, ignoring exchange rates. Its crown jewel Primark, squeezed out modest 2% growth in the period, driven by new store openings. Meanwhile, Grocery revenue was flat, and all other divisions posted declines. But with costs rising across the board due to the Middle East conflict, underlying operations profits slumped 18% to £0.7bn.

Analysts are not optimistic that momentum will have improved when ABF releases its third-quarter update next week. Primark’s sales are likely to remain challenged, especially in continental Europe, where consumers appear to be pulling back more on discretionary spending. Full-year underlying operating profit guidance has already been downgraded to below last year’s level of £1.7bn. But with markets currently forecasting a sharper 13% decline to £1.5bn, another downgrade next week shouldn’t be ruled out.”

Among those currently scheduled to release results next week: