Operating as Sainsbury’s, J Sainsbury plc is the second-largest food chain in the UK, with a 16.0 percent market share in the supermarket industry.
Table of Content
Sainsbury - Financial Highlights
- Growth in retail sales (including gasoline) compared to the 2020/21 fiscal year. Sales fell by 2.6 percent excluding fuel
- Underlying profit before tax increased by 104 percent in comparison to the 2020/21 fiscal year and by 25 percent in comparison to the 2019/20 fiscal year
- Retail operating profit growth of 6.7 percent compared to the 2020/21 fiscal year and 6.7 percent compared to the 2019/20 fiscal year
March 2022 YoY Financial Comparison
- Total company revenue was £29,895 million in March 2022 (52-weeks-ended), compared with £29,048 million during the same period last year
- The operating expense ratio during this period decreased to 96.1% in March 2022 (52-weeks-ended) from 99.8% during the same period last year
- There is a significant increase in the operating profit ratio from 0.2% in March 2021 (52-weeks-ended) to 3.9% during the same period this year
- The net profit ratio significantly increased to 2.3% in March 2022 from (1.0)% (52-weeks-ended) during the same period last year
Additional Key Highlights
- Sainsbury's raised £38.4 million for good causes and donated over 2.5 million meals
- Plan for Better, a key component of their new sustainability plan, was launched in June. To reach their aim, they are incorporating climate issues into their reporting and decision-making across the Group, as well as adopting strong targets and incentives
- This year, they introduced My Nectar Prices, an innovative data-driven solution that offers clients personalized discounts, offering even more value to loyal customers
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