Half Year 2021 J Sainsbury PLC Pre-Recorded Earnings Presentation Transcript

Nov 05, 2020 / 07:30AM GMT

Release Date Price: $2.54 (-6.45%)

Transcript

Kevin O;Byrne

J Sainsbury plc - CFO, Member of the Operating Board & Director

' -

Good morning, and thank you for listening into this presentation. I will cover the financial highlights for the 28 weeks to September '19 first before Simon covers our operational performance and the details of our updated strategy.

Let me start with the key numbers. Retail sales, excluding fuel, were up just over 7%, with strong Grocery and General Merchandise growth and some modest dilution from lower Clothing sales. Fuel sales were down 45% in the period. So retail sales, including fuel, were down 1%.

Retail operating profits increased 27%, reflecting very strong execution and efficiency across the business and a good

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