Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

285.40p
   
  • Change Today:
      2.80p
  • 52 Week High: 299.80
  • 52 Week Low: 228.80
  • Currency: UK Pounds
  • Shares Issued: 2,316.66m
  • Volume: 19,171,371
  • Market Cap: £6,612m
  • RiskGrade: 132
  • Beta: 0.01

Sainsbury's to cut 3,000 jobs as it closes cafes, hot food counters

By Michele Maatouk

Date: Thursday 23 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Sainsbury's said on Thursday that it would be cutting 3,000 jobs, including a 20% reduction of senior management roles, as it closes its remaining patisserie, hot food and pizza counters.
As part of its plans to simplify the business, the supermarket retailer will also be closing its 61 remaining cafes.

Sainsbury's said most of its shoppers do not regularly use the cafes and that the cafes and food halls run by specialist partners are becoming increasingly popular.

Chief executive Simon Robert said: "We launched our Next Level Strategy almost a year ago and are totally focused on making good food joyful, accessible and affordable for everyone, every day. As a result, we're seeing real momentum across our business, with a best-ever value position, leading quality and increasing market share.

"As we accelerate into year two and beyond of our strategy, we are facing into a particularly challenging cost environment which means we have had to make tough choices about where we can afford to invest and where we need to do things differently to make our business more efficient and effective.

"The decisions we are announcing today are essential to ensure we continue to drive forward our momentum but have also meant some difficult choices impacting our dedicated colleagues in a number of parts of our business. We'll be doing everything we can to support anyone impacted by today's announcements."

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sainsbury Market Data

Currency UK Pounds
Share Price 285.40p
Change Today 2.80p
% Change 0.99 %
52 Week High 299.80
52 Week Low 228.80
Volume 19,171,371
Shares Issued 2,316.66m
Market Cap £6,612m
Beta 0.01
RiskGrade 132

Sainsbury Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
35.51% below the market average35.51% below the market average35.51% below the market average35.51% below the market average35.51% below the market average
Sector averageSector averageSector averageSector averageSector average
Price Trend
49.21% above the market average49.21% above the market average49.21% above the market average49.21% above the market average49.21% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average
Income
60.27% above the market average60.27% above the market average60.27% above the market average60.27% above the market average60.27% above the market average
80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average80.00% above the sector average
Growth
20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average20.16% below the market average
38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average38.46% below the sector average

What The Brokers Say

Strong Buy 2
Buy 4
Neutral 5
Sell 2
Strong Sell 0
Total 13
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sainsbury Dividends

  Latest Previous
  Final Interim
Ex-Div 05-Jun-25 14-Nov-24
Paid 11-Jul-25 20-Dec-24
Amount 9.70p 3.90p

Trades for 30-May-2025

Time Volume / Share Price
16:36 1,574,115 @ 285.40p
16:42 49,690 @ 285.39p
16:42 17,118 @ 285.39p
16:42 61,155 @ 285.39p
16:42 16,520 @ 285.41p

Sainsbury Key Personnel

Chair Martin Scicluna
CEO Simon Roberts
CFO Bl á thnaid Bergin

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