Sainsbury's retail sales in the United Kingdom (UK) 2008-2023
J Sainsbury plc sales growth and profits
After a period of declining sales in 2016, the company was able to recover, and sales grew for most of 2017. In 2018, sales stagnated for the last three quarters of the year and only recently started growing again, with 1.8 percent growth in March of 2019. The company made over 677 million British pounds profits in 2022 (after tax).
Sainsbury Local
In recent years Sainsbury’s has expanded the number of shops that can be categorized as convenience shops. The company is likely trying to capitalize on the large group of consumers that regularly go for top-up shopping missions or food to go. The most profitable categories for convenience shops are tobacco, alcohol and chilled foods.