This is why we disagreeMarket Report: IG buoyed by lockdown trading surge About our brands Read our community guidelines in full Financial highlights - preliminary results 2019/20 -0.6% Like-for-like sales (excl. The Telegraph values your comments but kindly requests all posts are on topic, constructive and respectful. Corporate Responsibility Such statements are based on current expectations and are subject to a number of risks and uncertainties that could cause actual events or results to differ materially from any expected future events or results referred to in these forward-looking statements. HRG acquisition A results presentation for analysts and investors will be held on 1 May 2019 at 9.30am. Our five updated priorities are: 1 May 2019 Preliminary Results for the 52 weeks to 9 March 2019 . That would mean group underlying profit before tax for the year to March 2021 would be broadly unchanged from the £586million pounds reported for the 2019-20 year. Sainsbury's books £203m hit from a series of store closures as it begins in £500m cost-cutting drive in earnest. Star brewer Katherine Smart on bringing science to beer: 'Yeast cells are gorgeous' Booklet Full year profit ahead of consensus; accelerating investment in stores and digital Underlying profits up 7.8 per cent; net debt £222 million lower, ahead of target; dividend up 7.8 per cent In this section you’ll find all you need to know about our performance as a business. They appear in a number of places throughout this announcement and include statements regarding our intentions, beliefs or current expectations and those of our officers, directors and employees concerning, amongst other things, our results of operations, financial condition, liquidity, prospects, growth, strategies and the business we operate. Sainsbury’s has vowed to improve its stores and technology and cut prices as its chief executive said was "drawing a line under the past" following its failed merger with Asda. Press Release 01 May 2019 ADR information Underlying pre-tax profit, a measure closely watched by City analysts, rose 7.8pc to £635m - slightly ahead of expectations.Almost half of firms set to swing jobs axeB&Q to trial four mini stores in Asda supermarketsMr Coupe refused to be drawn on the total amount of any price cuts, citing commercial sensitivity. Tesco in profile Tesco PLC was the leading grocer on the UK market in 2019 … £4.7 billion of our revenue now comes from our online businesses and we are increasing investment in technology to make shopping across Sainsbury’s, Argos and Sainsbury’s Bank as quick and convenient as possible. Unless otherwise required by applicable law, regulation or accounting standard, we do not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.Sainsbury’s will issue its 2019/20 First Quarter Trading Statement at 07:00 (BST) on 3 July 2019.“We will increase and accelerate investment in the core business, investing to improve over 400 supermarkets this year. To do so, visit www.about.sainsburys.co.uk and follow the on-screen instructions. B Shares Preliminary Results 2019/20 Press Release pdf(1.3MB) Presentation pdf(4.3MB) Booklet pdf(7.6MB) Transcript pdf(439KB) Strategic highlights Grocery sales on … As an evolving retail group, with a portfolio of strong brands, we can create consistent value for our shareholders. Prior to the update analysts were on average forecasting a 2019-20 pretax profit of 584 million pounds, down from £601m pounds in 2018-19. Manage your shares Useful information We are also focused on reducing costs so that we can invest to make commodity products better value for our customers.Preliminary Results for the 52 weeks to 9 March 2019 Full year profit ahead of consensus; accelerating investment in stores and digital The financial year 2018/19 ended on the ninth of March 2019. Underlying profit before tax The supermarket chain took over catalogue retailer Argos as well as Habitat in 2016 in a £1.4 … That reflected £229m of one-off costs, the bulk of which follows a review of its store estate.Martin Lewis: Expert reveals how to save with Tesco ClubcardIn September, Chief Executive Mike Coupe put cost cutting and paying off debt at the heart of a new plan designed to show Sainsbury's can prosper on its own.

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