Sainsbury J Plc announced full-year dividend of 13.6 pence.The Board has recommended a final dividend of 9.7 pence per share (2023/24: 9.2 pence).
Financial Highlights
Sainsbury's FY sales (excluding fuel) £26.6bn, up 4.2%, Argos FY sales £4.9bn, down (2.7)%, Fuel FY sales £4.7bn, down (8.9)%
Strong year-end sales momentum, with growth in all their brands: Sainsbury's Q4 sales up 4.1% and Argos Q4 sales up 1.9%, reflecting continued improvement in online traffic trend
Retail underlying operating profit £1,036m, up 7.2%, with double-digit growth at Sainsbury's partially offset by lower profits at Argos
Statutory profit after tax £242m, up 77%. Non-underlying items of £(297)m on a post-tax basis predominantly relate to the restructuring of the Financial Services division and Retail restructuring costs
Retail free cash flow of £531m, in line with guidance to deliver at least £500m
£200m share buyback programme complete; full-year dividend of 13.6 pence, up 4% year-on-year
