J Sainsbury's plc

Justin King

Justin King’s introduction

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Welcome to our Annual Report and Financial Statements 2012

It’s an exciting time for Sainsbury’s. Our clear, long-term strategy continues to deliver for our customers, ensuring we are well positioned for future growth.

In recent years we have transformed our business, while remaining true to our 143 year heritage.

By offering universal appeal we are helping our customers Live Well for Less. We are delivering on our business strategy’s five areas of focus and continue to outperform the market and gain share.

We know our colleagues, culture and values make us different and are central to our success.

Financial highlights



Sales (including VAT,
including fuel)

Underlying profit before tax


Underlying profit before tax up 7.1%


Underlying operating profit


Underlying operating profit up 6.9%

Underlying basic earnings


Underlying basic earnings per share up 6.0%


Return on capital employed



Dividend per share


Full year dividend per share up 6.6%


Business strategy

Business review

We have a clear, long-term strategy to deliver our vision of being the most trusted retailer where people love to work and shop.

David Tyler’s letter

Chairman's letter

“Sainsbury’s remains focused on delivering returns to shareholders. The Board plans to increase the dividend each year.”


Non-financial KPIs

Non-financial KPIs

Delivering against our 20 by 20 Sustainability Plan

Report download


Download our Annual Report as a PDF document, or choose which sections you'd like from our downloads section.