Sainsbury's retail sales in the United Kingdom (UK) 2008-2024
In 2023/24, annual retail sales of J Sainsbury plc (excluding VAT, including fuel) in the United Kingdom amounted to approximately 32.08 billion British pounds. The figures were collected from the company’s financial statements and cover financial years. The financial year 2023/24 ended on the second of March 2024.
J Sainsbury plc sales growth and profits
Similar to their competitors, Sainbury's sales grew by double digits during the onset of the pandemic in 2020. Growth peaked at 13.5 percent in July 2020 when compared to same 12-week period in the previous year. This figure dipped in 2021, but picked up again throughout 2022 and 2023 during the period of high inflation. The company made over 130 million British pounds profits in 2023/24 (after tax).
Sainsbury Local
In recent years, Sainsbury’s has expanded the number of shops that can be categorized as convenience shops. The company is likely trying to capitalize on the large group of consumers that regularly go for top-up shopping missions or food to go. The most profitable categories for convenience shops are tobacco, alcohol, and chilled foods.