Insight Report 2 minutes PremiumSainsbury’s (LON: SBRY) FY16 RESULTS: MISSES EXPECTATIONS AS GROCERY PRICE WAR HITS PROFITS Coresight Research May 4, 2016 Executive Summary The UK’s second-biggest grocery retailer, J Sainsbury, reported that revenues were down by 1.1% and that comps were down by 0.9% for the year ended March 2016. FY16 revenues came in at £23.51 billion versus the consensus estimate of £23.54 billion. Stripping out the impact of write-downs in FY15, underlying basic EPS fell by 8.3%. On a reported basis, diluted EPS climbed from (8.7) pence in FY15 to 22.5 pence in FY16, missing the consensus of 24.6 pence. 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: Earnings Insights 1Q23, Week 5: Burlington, Deckers, Dick’s and Ulta Post Strong Results; Big Lots, Foot Locker, Kohl’s and Others See Sales DeclineEarnings Insights 1Q23, Week 3: Coty, Tapestry and Under Armour Post Strong Sales Growth; Qurate Sales DeclineWeekly US and UK Store Openings and Closures Tracker 2024, Week 35: US Store Closures Up 44% Year Over YearExploring Retail Media Network Opportunities in the Convenience Channel: Insights Presented at NACS State of the Industry Summit 2024