Sainsbury’s keeps profit guidance following grocery volume growth

Jan 10, 2024 · Sainsbury's has maintained its full year profit outlook after its third quarter grocery sales increased by 9.3%. The supermarket said sales were helped by customers taking …

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Sainsbury’s Keeps Profit Guidance Following Grocery Volume Growth

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Jan 10, 2024 · Sainsbury's has maintained its full year profit outlook after its third quarter grocery sales increased by 9.3%. The supermarket said sales were helped by customers taking …

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Sainsbury’s Profit Edges Up As It Claims 'biggest Market Share …

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Nov 7, 2024 · The grocery giant‘s retail underlying operating profit hit £503m, up 3.7%, driven by strong grocery volume growth, though this was partially offset by a lower contribution from Argos.

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J Sainsbury Plc Interim Results 2024/25 Thursday, 07 …

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Sales in Sainsbury's grew 4.6% in the first half, with the growth in the second quarter accelerating versus the first quarter. This was driven by grocery growth of 5%, where inflation was between …

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City Snapshot: Sainsbury’s Ups Profit Guidance Following Market …

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Nov 2, 2023 · Sainsbury’s said it expects it continues to invest in its grocery offer and expects its volume performance to results in fully year underlying profit before tax of between £670m …

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

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Nov 7, 2024 · Sainsbury's , opens new tab, whose shares fell nearly 3%, stuck to its full-year forecast of up to 10% profit growth after a 3.7% rise in the first half, with robust grocery sales …

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UK's Sainsbury's Sales Up 3%, Poor Weather Dents Non-food Demand

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Jul 2, 2024 · The group said it still expected full-year 2024/25 retail underlying operating profit of between 1.01 billion and 1.06 billion pounds ($1.28-$1.34 billion), which would be growth of …

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Sainsbury's Claims Win Over Discounters As It Raises Profit Guidance ...

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Nov 2, 2023 · That was despite a 10.1% rise in grocery sales compared to the same period last year. Sainsbury's said it was achieved through volume growth, meaning its revenues were not …

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UK's Sainsbury's Keeps Profit Outlook After Christmas Sales Rise

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Jan 10, 2024 · Sainsbury's, Britain's second biggest supermarket group, on Wednesday kept its profit guidance for the full year after reporting a 7.4% rise in underlying sales for the key …

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Britain's Sainsbury's Keeps Profit Outlook After First Half Rise

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November 07, 2024 at 02:13 am EST. LONDON (Reuters) - British supermarket group Sainsbury's on Thursday kept its forecast for full-year profit as it reported a 3.7% rise for the …

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Sainsbury’s Boss Warns Of Higher Prices After Budget - Financial …

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Nov 7, 2024 · Underlying profit at Sainsbury’s rose 3.7% to £503mn on retail sales of £16.3bn in the ... Sainsbury’s sales, excluding fuel, were up 4.6 per cent, with grocery sales growth of 5 …

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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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FAQs about Sainsbury’s keeps profit guidance following grocery volume growth Coupon?

Will Sainsbury's continue to grow grocery volumes ahead of the market?

We expect to continue to grow grocery volumes ahead of the market, driving profit leverage,' Sainsbury's said, guiding to retail underlying operating profit of between £1.01 billion and £1.06 billion (€1.18 billion to €1.24 billion), growth of 5% to 10%. It said its strong momentum in grocery had continued into the new financial year. ...

Is Sainsbury's food first a strong business?

Simon Roberts, Chief Executive of J Sainsbury plc, said: “Our Food First strategy has delivered on its promise over the last three years, making Sainsbury's a stronger business with a much sharper position on value and a major refocus on our innovation. Customers have recognised the progress we’ve made, as our market share gains have shown. ...

How did Sainsbury's sales perform in the second quarter?

On a like-for-like basis, sales excluding fuel were up 3.4% for the first half, with sales up 4.2% in the second quarter. “We remain confident of delivering strong profit growth in the full year, with continued leverage from Sainsbury’s grocery volume growth and a stronger Argos second-half performance,” it said. ...

How strong is Sainsbury's pretax profit growth?

“We remain confident of delivering strong profit growth in the full year, with continued leverage from Sainsbury’s grocery volume growth and a stronger Argos second-half performance,” it said. Underlying pretax profit—which strips out exceptional and other one-off charges—rose 4.7% to 356 million pounds. ...

How did Sainsbury's like-for-like sales perform in 2024?

In a trading update for the 16 weeks to January, 6, 2024, Sainsbury’s like-for-like sales (excluding fuel) grew 7.4%, while like-for-like sales (including fuel) increased 5.3%. The supermarket’s grocery sales increased 9.3%, while Christmas grocery sales were up 8.6%. ...

Why did Sainsbury's grocery volumes increase for the fourth consecutive Christmas?

Sainsbury’s grocery volumes increase for the fourth consecutive Christmas reflecting “great value and service” and a “positive customer response” to the grocer’s first-ever Nectar Price Christmas. ...