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Sainsbury's profits in the United Kingdom (UK) 2014-2020

in the financial year ending March 7th of 2020, Sainsbury's saw profits of 255 million British pounds before tax and 152 million British pounds after tax. This was a stark difference as compared to the financial year 2014/2015, when the company operated at a loss.

Sainsbury‘s in profile

Sainsbury’s has been struggling with a drop in sales in the 2014/2015 and 2015/2016 financial years. The company also experienced a slowdown in the growth of store numbers. Recently the companies bid to merge with competitor Asda, and with it the goal of surpassing market leader Tesco, failed.

Competitors on the market

Tesco’s store numbers have also stagnated in the past years. UK grocers face mounting pressure by the German discounters Lidl and Aldi which are expanding their share of the market. The companies are part of the two European market leaders in retail by turnover, Schwarz Gruppe and the Aldi brand.

Profits for J Sainsbury plc in the United Kingdom (UK) from financial year 2014/2015 to 2019/2020, before and after tax

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Source

Release date

May 2020

Region

United Kingdom

Survey time period

Financial year 2014/2015 to 2019/2020

Supplementary notes

Financial year ends in March of each consecutive year. (2019/20 = 52 weeks ending March 7, 2020).

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Statistics on "Sainsbury Group in the United Kingdom (UK)"

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