J Sainsbury (GB) (GB:SBRY) has released an update.
J Sainsbury Plc reports a strong year with grocery performance driving momentum, resulting in profits and cash flow exceeding guidance despite challenges in Financial Services and General Merchandise. Leveraging their market position, they plan to continue outperforming in the grocery sector, expecting retail operating profits to grow by 5-10%. The company is set to return value to shareholders with a £200 million share buyback program.
For further insights into GB:SBRY stock, check out TipRanks’ Stock Analysis page.
