EarningsQ2 2026 Earnings Report

J Sainsbury plc (SBRYN) Q2 2026 Earnings Report

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Previous Report: Q4 2025

Next Report: Q4 2026

MX:SBRYN Q2 2026 EPS Results

Actual EPS$1.88

Consensus EPS$2.40

Beat/MissMissed by -$0.52

One Year Ago EPS$2.52

MX:SBRYN Q2 2026 Revenue Results

Actual Revenue$417.47B

Expected Revenue$420.81B

Beat/MissMissed by -$3.33B

YoY Revenue Growth+2.20%

Earnings Announcement Details

QuarterQ2 2026

Date11/06/2025

TimeBefore Open

Conference CallThursday, November 6, 2025

MX:SBRYN Upcoming Earnings

J Sainsbury plc's next earnings date is estimated for October 22, 2026, based on past reporting schedules.

Q2 2026 Earnings Call Audio

No earnings call audio is available for this earnings event.

Q2 2026 Earnings Slide Deck

No slide deck is available for this earnings event.

Q2 2026 Earnings Call Summary

Q2 2026

Earnings Call Date:Nov 06, 2025|

% Change Since:

Earnings Call Sentiment|Positive

The earnings call highlighted strong performance in volume growth, investment in value and quality, and strategic gains in Argos and financial services. However, challenges remain with regulatory cost impacts and the cautious discretionary spending environment for Argos.

Company Guidance

In the call, Sainsbury's highlighted several key metrics and strategic initiatives that underscored its performance and future outlook. The company achieved a 5.2% sales growth in Sainsbury's and a 2.3% increase in Argos sales in the first half, leading to a total retail sales growth of 4.8% excluding fuel. Despite facing significant cost pressures, including higher National Insurance contributions and an EPR charge, Sainsbury's maintained a strong competitive position, with a retail underlying operating profit of GBP 504 million, slightly down year-on-year. The company also reported an 18% growth in Taste the Difference fresh sales and noted its highest H1 market share in five years. Additionally, Sainsbury's achieved a significant improvement in customer value perception, being the only grocer to improve year-on-year despite ongoing inflationary pressures. The company plans to return more than GBP 800 million to shareholders this year through dividends and buybacks, reflecting robust cash generation and a focus on enhancing shareholder returns. Looking ahead, Sainsbury's expects to generate a retail underlying operating profit of more than GBP 1 billion for the full year, driven by sustained grocery volume growth and strategic investments in value, quality, and service.

Strong Volume Growth

Sainsbury's achieved consistent volume growth and market share gains, marking their highest H1 market share in 5 years.

Investment in Value and Quality

Extended Aldi Price Match to more essentials and introduced personalized 'Your Nectar Prices,' leading to improved value perception year-on-year.

Taste the Difference Sales Growth

Achieved 18% growth in Taste the Difference fresh sales over the first half, with premium dining sales growing 40% since the launch of Taste the Difference discovery.

Argos Performance

Argos delivered a good seasonal performance, grew market share, and improved profitability, with sales up 2.3%.

Financial Services Strategy Success

Completed sales and agreements for financial services, with net proceeds expected to be more than GBP 400 million, significantly higher than original guidance.

Retail Media and Loyalty Program Growth

Nectar360 Pollen platform launched, enhancing retail media capabilities and contributing to strong returns from Nectar loyalty scheme.

Cost Savings and Shareholder Returns

Delivered GBP 349 million of cost savings last year and on track for GBP 1 billion over 3 years, with over GBP 800 million expected to be returned to shareholders this year.

MX:SBRYN Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change
Oct 22, 2026	2027 (Q2)	2.66 / -	1.876	―
Apr 23, 2026	2026 (Q4)	2.80 / 2.85	2.944	-3.23% (-0.09)
Nov 06, 2025	2026 (Q2)	2.40 / 1.88	2.517	-25.47% (-0.64)
Apr 17, 2025	2025 (Q4)	2.83 / 2.94	2.683	9.73% (+0.26)
Nov 07, 2024	2025 (Q2)	2.64 / 2.52	2.446	2.91% (+0.07)
Apr 25, 2024	2024 (Q4)	2.49 / 2.68	-0.807	432.35% (+3.49)
Nov 02, 2023	2024 (Q2)	2.40 / 2.45	2.636	-7.21% (-0.19)
Jul 04, 2023	2024 (Q1)	- / -	2.968	―
Apr 27, 2023	2023 (Q4)	2.61 / -0.81	2.968	-127.20% (-3.78)
Nov 03, 2022	2023 (Q2)	1.99 / 2.64	2.754	-4.31% (-0.12)

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed