Financial performance

Sainsburys store in Dawlish, Devon

Financial performance

 

  20152014
2013120122011
Financial results (£m)
Group Sales (inc VAT)
26,112 26,353 25,632 24,511 22,943
Retail Sales (inc VAT) 25,813 26,328 25,632 24,511 22,943
Underlying retail operating profit 720 873 831 789 738
Underlying financial services operating profit 62 6 - - -
Underlying net finance costs (107) (111) (111) (109) (97)
Share of post-tax profit/(loss) from joint ventures 6 30 38 32 24
Underlying profit before tax 681 798 758 712 665
Increase on previous year (%) (14.7) 5.3 6.5 7.1 9.0
Underlying retail operating profit margin (%) 3.07 3.65 3.57 3.54 3.50
Earnings per share               
Underlying basic (pence) 26.4 32.8 30.8 28.1 26.5
Increase on previous year (%) (19.5) 6.5 9.6 6.0 10.9
Proposed dividend per share (pence) 13.2 17.3 16.7 16.10 15.10
Retail statistics for UK food retailing
Number of outlets at financial year end
over 55,000 sq ft sales area 106 101 94 81 64
40,001 - 55,000 sq ft sales area 132 127 123 123 124
25,001 - 40,000 sq ft sales area 143 146 147 152 155
15,000 - 25,000 sq ft sales area 115 116 118 115 113
under 15,000 sq ft sales area 808 713 624 541 478
    1,304 1,203 1,106 1,012 934
Sales area (000 sq ft) 22,819 22,160 20,347 20,347 19,108
Net increase on previous year (%) 3.0 4.2 4.5 6.5 7.7
New stores 106 104 101 92 68
Sales intensity (including VAT)
Per sq ft (£ per week) 18.24 18.93 19.27 19.47 20.04
  1. Restated for changes to IAS 19