UK's Sainsbury's targets 10% profit growth as it wins more shoppers

Apr 25, 2024 · 2023/24 pretax profit up 1.6%, above company guidance; Forecasts 2024/25 retail op profit growth of up to 10%; Expects to continue to outperform the grocery market

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

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Apr 25, 2024 · 2023/24 pretax profit up 1.6%, above company guidance; Forecasts 2024/25 retail op profit growth of up to 10%; Expects to continue to outperform the grocery market

reuters.com

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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% …

esmmagazine.com

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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%.

lse.co.uk

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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...

marketscreener.com

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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 …

investing.com

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UK's Sainsbury's Warns Budget Tax Rises Will Be Inflationary

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Nov 7, 2024 · Flags 140 mln stg hit to 2025/26 tax bill; First half 2024/25 profit up 3.7%; Q2 like-for-like sales, ex fuel, up 4.2%; Expects strong Christmas performance

reuters.com

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UK's Sainsbury's Expects Full Year Profit Growth Of Up To 10%

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Updated On Nov 7, 2024 at 04:00 PM IST. Sainsbury. British supermarket group Sainsbury 's stuck to its full-year forecast of up to 10% profit growth on Thursday after a 3.7% rise in the …

indiatimes.com

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

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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, growth of 5-10%.

rte.ie

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

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Apr 25, 2024 · 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 …

public.com

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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 ...

msn.com

FAQs about UK's Sainsbury's targets 10% profit growth as it wins more shoppers Coupon?

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

Sainsbury’s has said it expects to deliver “strong” profit growth over the year ahead after cheering surging food sales by reining in prices to help win customers from rivals. The supermarket giant reported a better-than-expected 1.6% rise in underlying pre-tax profits to £701 million for the year to March 2. ...

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. ...

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. ...

Does Sainsbury's have a good pre-tax profit?

The supermarket giant reported a better-than-expected 1.6% rise in underlying pre-tax profits to £701 million for the year to March 2. Sainsbury’s has said it expects to deliver “strong” profit growth over the year ahead after cheering surging food sales by reining in prices to help win customers from rivals. ...

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. ...

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. ...