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Sainsbury's sees both sales and profits rise

BBC Published May 13, 2010 Reviewed Jul 2, 2026 ✓ Reviewed by citations.press editors

Underlying pre-tax profit from core operations increased 17.5% to £671 million.

17.5 % · increase in underlying pre‑tax profit671 £ · underlying pre‑tax profit amount Sainsbury's, supermarket group

Sainsbury opened 51 new convenience stores during the year.

51 · new convenience stores opened Sainsbury's, supermarket chain

Same‑store sales rose 4.3%.

4.3 % · same‑store sales growth Sainsbury's, supermarket group

127,000 staff will share a record bonus pot of £80 million.

127000 · staff eligible for bonus80 £ · bonus pot amount Sainsbury's, employer

Sainsbury's sales and profits rose over the year to 31 March.

Same-store sales rose by 4.3%, excluding new store openings and fuel sales.

Chairman David Tyler said: 'We have delivered sales growth ahead of the market and good profit growth.'

Sainsbury's chief executive Justin King said sales have been growing strongly in the last year and that the company has converted that into good profit growth.

Sainsbury's added 38 new supermarkets over the year.

Online grocery sales rose by 20%.

The chain added 38 new supermarkets.

38 · new supermarkets opened Sainsbury's, supermarket chain

Online grocery sales increased by 20%.

20 % · online grocery sales growth Sainsbury's, supermarket group

Chairman David Tyler stated that sales growth was beating rivals'.

Sainsbury's has almost 900 outlets across the country.

The supermarket group Sainsbury has said both sales and profits rose over the year to 31 March.

Underlying pre-tax profit from core operations rose 17.5% to £671m ($1bn).

Same-store sales, which strip out the effect of new store openings, rose by 4.3%. The figure also excludes fuel sales.

The UK's third-biggest supermarket chain opened 51 new convenience stores over the year. Chairman David Tyler said sales growth was beating rivals'.

"We have delivered sales growth ahead of the market and good profit growth," he said.

Some 127,000 of Sainsbury's staff will share a record bonus pot of £80m.

Sainsbury's chief executive, Justin King, told the BBC he was confident about the company's prospects.

Our sales have been growing strongly in the last year and as we've reported today we've converted that into good profit growth."

As well as the convenience stores, the chain added 38 new supermarkets and has almost 900 outlets across the country.

It is also expanding its online grocery business, sales here were up by 20%.

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