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: Consumers Report Improvement in Financial Health: US Consumer Survey Insights 2023, Week 48Analyst Corner—Tracking Category Trends: A View of the US Apparel and Footwear Market with Sunny Zheng3Q24 US Retail Inventory Insights: Apparel, Off-Price and Warehouse Club Retailers Expand Inventories for the HolidaysWeinswig’s Weekly: Let Me Be Brief—The Implications of Declining Attention Spans
