Financial performance

Sainsburys store in Dawlish, Devon

Financial performance

Here is an overview of our financial performance. More detailed information is available in the Investor section.

  2013 2012 2011 2010 2009
Financial results (£m)
Sales (including Value Added Tax, including fuel)
25,632 21,421 20,383 19,287 18,518
 
Underlying operating profit 829 671 616 535 429
 
Underlying net finance costs1,2 (111) (109) (97) (79) (113)
Share of post-tax profit/(loss) from joint ventures 38 32 24 18 16
Underlying profit before tax1,2,3 756 712 665 610 519
 
Increase on previous year (%) 6.2 7.1 9.0 17.5 19.6
 
Retailing underlying operating profit margin (%) 3.56 3.54 3.50 3.36 3.26
 
Earnings per share
Underlying basic (pence)1,3 30.7 28.1 26.5 23.9 21.2
Increase on previous year (%) 9.3 6.0 10.9 12.7 21.8
Proposed dividend per share (pence)4 16.7 16.1 15.1 14.2 13.2
 
Retail statistics for UK food retailing
Number of outlets at financial year end
over 55,000 sq ft sales area 94 81 64 45 34
40,001 - 55,000 sq ft sales area 123 123 124 125 130
25,001 - 40,000 sq ft sales area 147 152 155 156 153
15,000 - 25,000 sq ft sales area 118 115 113 115 108
under 15,000 sq ft sales area 624 541 478 431 367
  1,106 1,012 934 872 792
 
Sales area (000 sq ft) 21,265 20,347 19,108 17,750 16,703
 
Net increase on previous year (%)5 4.5 6.5 7.7 6.3 3.2
 
New stores5 101 92 69 89 29
 
Sales intensity (including VAT)5,6
Per sq ft (£ per week) 19.27 19.47 20.04 20.42 20.01
  1. 2008/09 and prior periods are restated for the change in the definition of underlying profit before tax ("UPBT"). As communicated at the time of the 2008/09 year end announcement, the financing element of IAS 19 'Employee Benefits' pensions accounting has been excluded from UPBT.
  2. Net finance costs pre-financing fair value movements, IAS 19 pension financing (charge)/credit and one-off items that are material and infrequent in nature.
  3. Profit before tax from continuing operations before any gain or loss on the disposal of properties, investment property fair value movements, impairment of goodwill, financing fair value movements, IAS 19 pension financing (charge)/credit and one-off items that are material and infrequent in nature.
  4. Total proposed dividend in relation to the financial year.
  5. Includes all convenience stores and convenience acquisitions.
  6. 2008/09 and 2009/10 adjusted for comparative purposes to remove the dilutive effect of the temporary VAT reduction to 15 per cent between 1 December 2008 and 31 December 2009.

Business structure

J Sainsbury plc consists of Sainsbury's supermarkets and convenience stores, as well as Sainsbury's Bank.

Sainsburys staff

Business strategy

The company's strategy centres around five areas of focus, which are underpinned our strong heritage and brand.

Shirt by TU

Financial information

Overview of our financial performance. Detailed information is available in the 5 year summary and Investor section.

Sainsburys store in Dawlish, Devon