The financial statements on pages 194 to 199 were approved by the Board of Directors on 27 April 2022, and are signed on its behalf by: Simon Roberts Kevin O'Byrne Chief Executive Chief Financial Officer The Company's registered number is 00185647.Company balance sheet At 5 March 2022 and 6 March 2021194 Financial Statements J Sainsbury plc . we will serve and help every customer, giving them delicious, great quality food at great prices all year round. In June we launched our new sustainability strategy, Plan for Better, a core part of our strategy. Net sales break down by activity as follows: Today, we are two years into our three-year plan to transform Sainsbury's and put food back at the heart of the business and Simon and his team are making impressive progress. Diversity, Equity & Inclusion has also been a longstanding priority for Sainsbury's and we make sure that inclusion is led from the very top and is recognised in everything we do. Deferred Income), Additional Paid-In Capital/Capital Surplus, Cumulative Translation Adjustment/Unrealized For. On a more local level, we launched our new community and partnerships programme, Nourish the Nation, in response to the rising cost of living, to help provide food and urgent support to those most in need. Retail Free Cash Flow includes the 50 million dividend paid from Sainsbury's Bank to the Group in April 2022. They have done an excellent job at continuing to deliver against the key metrics we set out over two years ago. Our grocery market share has continued to increase and we have significantly improved our price position against all our competitors. J Sainsbury plc reported earnings results for the full year ended March 04, 2023. do you envisage prices reaching higher by year end? View all newsletters from across the GlobalData Media network. access to home delivery slots - the first supermarket to do so - and throughout the crisis we have paid colleagues who needed to stay at home. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. Building on that commitment, this year we have updated our targets to align to a 1.5-degree climate commitment across all scopes and timeframes and announced a new shared Climate Action Programme to drive progress in our collective supply chains. Replace the attached chart with a new chart ? Through our Ukrainian Crisis Appeal, customers and colleagues have also donated over 600,000 so far and we are matching donations up to an additional 500,000. Through the year our Price Lock promotion fixed the price of up to 2,000 items for at least eight weeks and our Sainsbury's Quality, Aldi Price Match campaign matches the discounter's prices on 240 popular items. 2022 - Sainsbury's As a result of our strong profit performance and retail free cash flow generation, we are pleased to propose to shareholders the highest final and full-year dividend for seven years. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. We delivered non-lease Net Debt reduction of 285 million, closing the year in a Net Funds position of 144 million. As COVID-19 continues to impact the economy and the cost of fuel, energy and raw materials continues to rise, we remain committed to doing everything we can to support our colleagues and customers through what may be challenging financial times ahead. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Our analysts have selected this fund for the Wealth Shortlist. Helping everyone eat better. Corn rises, Gloomberge advises !! 2023. Source: FactSet, Markets Diary: Data on U.S. Overview page represent trading in all U.S. markets and updates until 8 p.m. See Closing Diaries table for 4 p.m. closing data. Salary Finance In November 2020 our Chief Executive Simon Roberts and the Operating Board set out an ambitious three-year plan to put food back at the heart of our business. Governance Report. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon. J Sainsbury plc is one of the British leaders of food distribution. Our commitment to Helping everyone eat better is progressing well as we encourage customers to make food choices that are both better for them and better for the planet. Read our updated privacy policy for more about what we do with your data, as well as your rights and choices - including how to manage cookies. +42.6. This company has a Sustainability Update available to view on our partner site, ResponsibilityReports.com. impairments, driven by a material increase in discount rates, and exceptional income from legal settlements received in the prior year. . Sainsburys chief executive Simon Roberts said: We have grown market share in both grocery and general merchandise and investment in our stores and colleagues is supporting leading supermarket customer satisfaction and availability. Profit after tax from continuing operations: Profit after tax from discontinuing operations: Retained Profit / (Loss) for the Financial Year: Sainsbury (J) plc Financial statements & reports. Top 50 Global Retailer Groups, 2020 Update - Sales, Market Share, Positioning and Key Performance United Kingdom (UK) Queens Platinum Jubilee 2022 - Analyzing Market, Trends, Consumer Attitudes a Levi Strauss registers 9% drop in net revenues during Q2 FY2023, Costco Wholesale registers net sales of $22.86bn for June 2023. Economic Events and content by followed authors, Prfrez-vous l'dition d'Investing.com en, Stocks Are Hot! 2021/22 highlights 9.9p Proposed final dividend 13.1p Proposed full-year . By Helping everyone eat better we are committing to playing a leading role in offering delicious, affordable food that supports healthy and sustainable diets and helps customers reduce their impact on the planet one plate at a time. However, all retailers, both big and small, are facing soaring costs and supply chain pressures and we have consistently said that we need an urgent and fundamental reform of business rates. Sources: FactSet, Tullett Prebon, Currencies: Currency quotes are updated in real-time. Valuation. I consent to Verdict Media Limited collecting my details provided via this form in accordance with Privacy Policy. This partnership also supports our sustainability targets as we have pledged to reduce our food waste by 50 per cent by 2030. About J Sainsbury. what's happening with the shares underperming, are they ripe for a take over bid???? Round. Preliminary Results Announcement 2022-23: 11 January 2023: Third Quarter Trading Statement 2022-23: Please find our Sustainability Reports and . We report on our Plan for Better progress every six months and you can read more about what we have delivered this year on pages 13 to 28. Sources: FactSet, Tullett Prebon, Commodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Your status will be reviewed by our moderators. Source: Kantar Media. More information on our financial performance can be found in the Financial Review on pages 38 to 43. Offering delicious, great quality food at competitive prices has been at the heart of what we do since John James and Mary Ann Sainsbury opened our first store in 1869. Today, inspiring and delighting our customers with tasty food remains our . J Sainsbury PLC balance sheet, income statement, cash flow, earnings & estimates, ratio and margins. 03 November 2022. Why go there and pay more for your groceries? Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Data Protection Registrations: ZA152606 and ZA099501. b. Market closed | Prices as at close on 12 July 2023 | Turn off streaming prices. Sources. Copyright 2023 Surperformance. So far we have donated over 2.5 million meals, which is equivalent to 4.8 million in savings for charities and community groups. NOW ! 2022. See below for an overview of the Sainsbury financial reports. Copyright 2023 Hargreaves Lansdown. Our strong balance sheet enables us to reinvest in the business, positioning Sainsbury's for long-term resilience and continuing to deliver value for shareholders. US 30. Source: FactSet. Distributed by Public, unedited and unaltered, on 06 June 2023 15:40:06 UTC. a Black representation target of 3 per cent for both senior leaders and senior management positions. J Sainsbury : Annual Report and Financial Statements 2022, Independent auditor's report to the members of J Sainsbury plc, Notes to the consolidated financial statements, Notes to the Company financial statements. . We are aligned to the UN Sustainable Development Goals and, through Plan for Better. Simon has demonstrated outstanding drive and determination to do the right thing for our customers, colleagues, communities and shareholders and on behalf of the Board I would like to thank him for his continued hard work and considerable achievements. Cryptocurrencies: Cryptocurrency quotes are updated in real-time. However, in order to maintain the high level of discourse weve all come to value and expect, please keep the following criteria in mind: Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.coms discretion. Statutory revenue was up 5.3 per cent to 31,491 million. We also increased inner London pay from 10.10 to 11.05. View the Annual Report. 2022 2021 2020 2019 . J Sainsbury : Annual Report and Financial Statements 2023, Independent auditor's report to the members of J Sainsbury plc, Notes to the consolidated financial statements, Notes to the Company financial statements, UK food price inflation to be 9% in December, industry researcher cautions, Investors target consumer goods makers on fears of customer exodus over high prices, Supermarket Income gets GBP117 million tranche of Sainsbury's sale, Supermarket Income REIT Gets GBP117 Million in Second Tranche of Sainsbury's Portfolio Proceeds, J Sainsbury plc Approves Final Dividend for the 52 Weeks to 4 March 2023, BoE chief backs steps to tackle retailers over-charging, UBS likes Pearson; Liberum cuts Naked Wine, The FTSE 100 Closes Down 0.1% as Banks Slip, SAINSBURY : Strong Q1 trading; volume growth is encouraging, Tepid close after quiet day with US market closed, St. James's Place Is Top Pick Among UK Asset, Wealth Managers, Numis Says, Stocks higher amid US holiday-thinned trade, Higher wages to temper UK food inflation fall, says Sainsbury's boss, European Midday Briefing: Traders Look Ahead to Fed Minutes, Payrolls, European shares rangebound on interest rate uncertainty; miners weigh, UK's FTSE 100 muted as healthcare stocks counter drag from miners, Sainsbury's Maintains Fiscal 2024 Forecast Amid First-quarter Sales Growth, Declining Food Inflation, A quiet session in London without Wall Street, Transcript : J Sainsbury plc, Q1 2024 Sales/ Trading Statement Call, Jul 04, 2023, J SAINSBURY PLC : Q1 2024 Sales and Revenue Call - Trading Statement, Tepid trade as housebuilders weigh on FTSE 100, Sainsbury's CEO: inflation moderating but high labour costs remain, Sainsbury's backs outlook and seeing ebb in food inflation. investments are right for you, please request advice, for example from our, Read more about browsers and how to update them here, Register for online When determining incentive outcomes and total remuneration received by the Executive Directors, the Remuneration Committee considers a number of factors including executive pay in the context of the broader workforce, investments and the perspectives of our stakeholders. J Sainsbury Financial Ratios for Analysis 2009-2023 | JSAIY Sainsbury (SBRY) Financial Ratios - Investing.com Register with our alert service if you would like to hear the latest news from across the Sainsburys Group or on certain brands or topics. 327m. This 62 per cent decline reflects the impact of non-cash asset. We use cookies and browser capability checks to help us deliver our online services, including to learn if you enabled Flash for video or ad blocking. You can read more about our progress to put food back at the heart of Sainsbury's on pages 10-11. c. Not disclosed under IFRS Please fill out the form below and click "Place Order" to complete your order. Sainsbury's's latest funding round was a PIPE for $238.9M on January 27, 2023. Simon's remuneration for the year reflects the strong performance of the business and the progress we have made against our strategy. This summary provides an overview of the most significant critical numbers from each of its financial reports, including the income statement, balance sheet, and cash flow statement. We delivered a strong performance this year against a comparative which benefited last year from elevated COVID-19 sales. Financial reports | GSK I firmly believe that prioritising financial support to our farmers is the right thing to do to ensure that they have the confidence and resources to be able to invest in supplying our customers, both now and in the future. Two years into our plan to put food back at the heart of Sainsbury's, I remain hugely impressed by the passion of our colleagues and the quality of our team under Simon's leadership as we deliver on our priorities and make bold decisions to develop and grow the business. Initiatives such as the adoption of the Halo Code and our admission to the Black British Network are just some of the achievements made this year and I am pleased our work has been recognised, with the I AM ME Ethnically Diverse Colleague Network featured in the Top 10 Network Groups in the UK at the Ethnicity Awards. Ratio Analysis of J Sainsbury plc Financial Performance between 2015 J Sainsbury Revenue 2010-2022 | JSAIY | MacroTrends This means our website may not look and work as you would expect. They are at the core of everything we do at Sainsbury's and their dedication is critical to the long-term success of our business. Continued strong Grocery momentum, reflecting investment in value, innovation, service and availability, driving a return to volume growth and strengthening market share outperformance 1. This comment has already been saved in your. Governance. The stock turnover days are low means they supply stock in high quantities. Sainsbury (J) plc (SBRY) Sell: 268.50p Buy: 268.70p No change. In September this year, the retailer invested 25m as part of a cost-of-living support package for its hourly paid colleagues. Unlock access to over 1000 metrics with InvestingPro. Argos is conveniently available for customers to collect from hundreds of Sainsbury's stores. This means that all Sainsbury's and Argos retail store colleagues can earn the Living Wage wherever they work in the UK. if so what target price ? Values & Culture | Working for us | Sainsbury's Jobs I would like to thank Kevin for his major contribution to Sainsbury's since he joined the board in 2017.