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. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Three Data Points We’re Watching This Week, Week 9: Beauty Shopping in FocusThe New Coresight 100: Leading the Retail Charge in 2025—InfographicAnalyst Corner: US Shoppers Are Worried About Higher Prices from Tariffs—Consumer Survey Insights with John MercerThree Data Points We’re Watching This Week, Week 11: US CPG E-Commerce Latest
