Sainsbury's profits fall amid 'challenging market' - The Independent

May 3, 2017 · Sainsbury’s has warned over a “challenging” market and price pressures as it posted a 8.2 per cent decline in annual profits. The retailer posted pre-tax profits of £503m for …

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Sainsbury's Profits Fall Amid 'challenging Market' - The Independent

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independent.co.uk

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Sainsbury’s Profits Fall Amid Soaring Inflation - The Independent

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Britain’s second-largest grocery chain reported a 5 per cent fall in underlying pre-tax profits to £690m for the year to March 4 as it spent £560m on prices, saying inflation in its stores was ...

independent.co.uk

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Sainsbury’s Profits Fall Amid Soaring Grocery Inflation

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Nov 3, 2022 · Sainsbury’s, which also owns Argos, said underlying pre-tax profit declined by 8% to £340 million over the half-year to September 17, compared with the same period last year.

independent.co.uk

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Sainsbury's Profits Turn Lower Amid 'challenging' Market

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May 3, 2017 · Shares fell 5.7% on the FTSE 100 after results showed pre-tax profits for the year to 11 March down 8.2% to £503m and Sainsbury's warned there was no sign of a let-up in the …

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Sainsbury’s Profits Takes Inflation And Cost Of Living Hit As ...

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Apr 27, 2023 · In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s …

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Sainsbury’s Sees Profits Fall After Holding Back Price Hikes For ...

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Apr 27, 2023 · The UK’s second largest grocery chain reported underlying pre-tax profits of £690 million for the year to March 4, down 5% on the previous year. Supermarket Sainsbury’s has …

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Sainsbury's Sees Fall In Pre-tax Profit As It Reveals How Much Spent …

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Apr 27, 2023 · The supermarket chain said that in the year ending 4 March, its group sales were up 5.4% to £35.15bn, but underlying profit before tax was £690m - down from £730m at the …

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Sainsbury's Profits Slump 10% As Weak Pound Causes Costs Surge

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Sainsbury's reported underlying pre-tax profits of £277m for the six months to September 24, down from £308m a year earlier. Bottom line pre-tax profits rose 9.7 per cent to £372m.

independent.co.uk

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Sainsbury’s Says Customers Ready To Splurge As It Targets Higher …

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Apr 25, 2024 · The grocer, which controls 15.3 per cent of the UK food market, is targeting underlying operating profits from its retail operations of up to £1.06bn in its current financial …

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Sainsbury's First-Quarter Results – What The Analysts Said

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Jul 4, 2023 · Sainsbury's has reported a 9.8% like-for-like sales increase in the first quarter of its financial year, with chief executive Simon Roberts noting that the British retailer is "putting all …

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Sainsbury’s Profits, Sales, And Market Share Rise As Supermarket …

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Nov 4, 2021 · Sainsbury’s boss Simon Roberts today said his strategy was working as the supermarket posted rising sales, profits, and market share. Sainsbury’s sales were up 5.3% to …

standard.co.uk

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FAQs about Sainsbury's profits fall amid 'challenging market' - The Independent Coupon?

Why was J Sainsbury's underlying profit lower this year?

Receive exclusive personalised event invitations, carefully-curated offers and promotions from The Financial Times. J Sainsbury warned underlying profit would be lower than expected this year amid “significant external pressures and uncertainties” including cost inflation and a squeeze on household incomes. ...

How much has Sainsbury's spent on 'keeping prices low'?

Sainsbury's has reported a fall in its pre-tax profit, as it reveals it has spent more than £560m on "keeping our prices low over the last two years". The supermarket chain said that in the year ending 4 March, its group sales were up 5.4% to £35.15bn, but underlying profit before tax was £690m - down from £730m at the same time last year. ...

Is Sainsbury's winning market share?

Sainsbury’s said it was also winning market share. The supermarket returned to profits in the half-year, posting a pre-tax profit of £541 million. That compared to a loss of £179 million last year and a profit of just £9 million in 2019. The results are a vindication of the company’s strategy to refocus on food. ...

What happened to Sainsbury's pre tax profits in 2023?

In its full year results for the year ending 4 March 2023, Sainsbury’s pre tax profits fell from £854m to £327m as the retailer battled to keep its pole position as one of the UK’s largest supermarkets. ...

What is Sainsbury's underlying profit before tax?

Grocery sales rose three per cent while underlying profit before tax was £690m, down five per cent on the previous year, but at the top end of £630m to £690m guidance range; Sainsbury said it expected next year’s total to come in between £640m and £700m. ...

Why is Sainsbury's struggling?

Victoria Scholar, head of investment at interactive investor, said Sainsbury’s was facing pressure both on the demand and supply side. She said: “Rising bills for food, energy and wages are putting pressure on operating costs, while demand is also struggling amid the squeeze on household budgets and the fall in real wages across the UK. ...