Sainsbury's Expects Strong Profit Growth In 2024/25

April 25, 2024 8:00 AM By Reuters. Share this article. Sainsbury's, Britain's second largest supermarket group, forecast strong profit growth in its new financial year as it reported a 1.6% …

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Sainsbury's Expects Strong Profit Growth In 2024/25

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April 25, 2024 8:00 AM By Reuters. Share this article. Sainsbury's, Britain's second largest supermarket group, forecast strong profit growth in its new financial year as it reported a 1.6% …

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UK's Sainsbury's Targets 10% Profit Growth As It Wins More Shoppers

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Apr 25, 2024 · "We are confident of delivering strong profit growth in the year ahead," Sainsbury's said, guiding to retail underlying operating profit of 1.01-1.06 billion pounds, growth of 5-10%.

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UK's Sainsbury's Targets 10% Profit Growth As It Wins More Shoppers

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For the year ended March 2, Sainsbury's posted underlying pretax profit of 701 million pounds - ahead of guidance 670-700 million pounds and the 690 million pounds made in 2022/23. "We …

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Britain's Sainsbury's Expects Strong Profit Growth In 2024/25

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LONDON, April 25 - Sainsbury's, Britain's second largest supermarket group, forecast strong profit growth in its new financial year as it reported a 1.6% rise for 2023/24, above company...

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UK's Sainsbury's Targets 10% Profit Growth As It Wins More Shoppers

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LONDON (Reuters) -Sainsbury's, Britain's second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident it can continue to win more …

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Sainsbury's Targets 10% Profit Growth This Year - RTÉ

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Apr 25, 2024 · Sainsbury's, Britain's second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident it can continue to win more …

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Sainsbury’s Total Retail Sales Growth Reaches 3.1% In H1 2024/25

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B ritish supermarket chain Sainsbury’s has reported total retail sales of £16.29bn ($21.08bn) in the first half (H1) of fiscal 2024/25, marking a growth of 3.1% compared to £15.8bn during the ...

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Britain's Sainsbury's Expects Strong Profit Growth In 2024/25

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Apr 25, 2024 · Sainsbury's LSE:SBRY, Britain's second largest supermarket group, forecast strong profit growth in its new financial year as it reported a 1.6% rise for 2023/24, above …

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FAQs about Sainsbury's Expects Strong Profit Growth In 2024/25 Coupon?

Will Sainsbury's deliver strong profit growth in the year ahead?

"We are confident of delivering strong profit growth in the year ahead," Sainsbury's said, guiding to retail underlying operating profit of 1.01-1.06 billion pounds, growth of 5-10%. ...

How did Sainsbury's perform in 2023/24?

Sainsbury's, Britain's second largest supermarket group, forecast strong profit growth in its new financial year as it reported a 1.6% rise for 2023/24, above company guidance, that partly reflected customer wins from rivals. ...

How much profit did Sainsbury's make in 2022/23?

For the year ended March 2, Sainsbury's posted underlying pretax profit of 701 million pounds - ahead of guidance 670-700 million pounds and the 690 million pounds made in 2022/23. ...

Why did Sainsbury's beat company guidance for profit in 2023/24?

The group, which has a 15.3% share of Britain's grocery market trailing only Tesco, beat company guidance for profit in its 2023/24 year as it outperformed the wider market. Sainsbury's and Tesco, which this month also forecast a rise in profit this year, are pulling away from traditional rivals Asda and Morrisons, which are hamstrung by high debt. ...

What will Sainsbury's expect in the year?

For the full year, Sainsbury’s continues to anticipate delivering retail underlying operating profit between £1.01bn and £1.06bn, representing growth between 5% to 10%. The retailer also expects to generate retail free cash flow of at least £500m. ...

Can Sainsbury's continue to win more customers from rivals?

Sainsbury's, Britain's second largest supermarket group, forecast up to 10% growth in retail operating profit in its new financial year, confident it can continue to win more customers from rivals. ...