Company Earnings Update 4 minutesRegister for Free AccessSainsbury’s (LSE: SBRY) FY19 Results: Improvement in Adjusted Profit Metrics but Comparable Sales Continue to Decline Coresight Research May 2, 2019 Executive Summary For FY19, ended March 9, 2019, Sainsbury’s reported adjusted Retail EBIT up 10.7% and adjusted pretax profit up 7.8%; both metrics came in ahead of consensus. Nonadjusted operating profit, pretax profit and net profit were all down significantly. Adjustments included costs related to the failed merger with Asda, the integration of Argos, replatforming Sainsbury’s Bank and restructuring. Management said the company will invest to improve over 400 supermarkets in FY20 and will invest more in technology to offer greater convenience. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Shoppers Enter “Summer Mode”: US Consumer Tracker 2023, Week 26E-Commerce Outlook: US Department Stores—Digital Slows as Consumers Shop in StoresStyle and Substance Through Value-Add Services and Omnichannel Strategies: Global Learnings in Apparel RetailingApril 2023 US Retail Sales: Growth Slows Further as Momentum Weakens Across the Board
