Grocery volume growth drives J Sainsbury’s FY profit
- J Sainsbury beats full fiscal-year profit guidance
- Underlying pretax profit of GBP701 million
- Grocery sales rose 9.4%
- Retail sales grew 6.8%
- Targeting underlying operating profit of GBP1.01 billion to GBP1.06 billion for current fiscal year
- Final dividend declared at 9.2 pence a share
J Sainsbury has narrowly beaten its full fiscal-year profit guidance, reporting an underlying pretax profit of GBP701 million. This was largely due to strong growth in grocery sales, which rose by 9.4%. Retail sales also saw growth of 6.8%. The company is targeting an underlying operating profit of between GBP1.01 billion and GBP1.06 billion for the current fiscal year. Additionally, a final dividend of 9.2 pence a share has been declared, bringing the full-year dividend to 13.1 pence a share, the same as last year.
Factuality Level: 8
Factuality Justification: The article provides a straightforward report on Sainsbury’s fiscal-year profit results, including key figures such as pretax profit, revenue, and growth in grocery sales. The information is based on actual data and analyst expectations, without any apparent bias or sensationalism. The article does not contain irrelevant details or tangential information, presenting a clear and concise overview of the company’s financial performance.
Noise Level: 3
Noise Justification: The article provides relevant information about Sainsbury’s financial performance, including its profit figures, revenue, and dividend declaration. It stays on topic and does not contain irrelevant or misleading information. However, it lacks in-depth analysis, antifragility considerations, and accountability of powerful people.
Financial Relevance: Yes
Financial Markets Impacted: The financial markets impacted by this news article are the grocery industry and Sainsbury’s, a British grocer.
Presence Of Extreme Event: No
Nature Of Extreme Event: No
Impact Rating Of The Extreme Event: No
Rating Justification: The news article pertains to the financial performance of Sainsbury’s, a grocery company. There is no mention of any extreme events or their impact.
Public Companies: J Sainsbury PLC (JSAIY)
Key People: Christian Moess Laursen (Author)
Reported publicly:
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