Sample Essay
Sainsbury’s rigorously monitoring 10,000 lines weekly to ensure that they remain competitive. They have reinvested in some of their cost savings in price adjustments. Alongside this we continue to run а highly attractive, sustainable promotional programme.
They have achieved cost savings of £160 million in the year delivering а total of £250 million since they began the programme. These savings will be reinvested in enhancing the customer offer, building sales and in improving their operating margins.
They are replacing our legacy systems with ‘best in class’ IT solutions to help us gain competitive advantage. The Accenture relationship continues to go well and systems, which have already been implemented, are delivering substantial business benefits.
Sainsbury’s are second in theUKon-line grocery market with current annualised sales of around £110 million and around 71 per cent coverage ofUKhouseholds, with 25,000 orders per week. Their current market share inLondonis 36 per cent. Improved volumes and better integration of their home delivery service into stores has reduced new customer acquisition costs by 60 per cent and fulfilment costs by 30 per cent in the second half as compared to the first half of the year.
| 2008 £m | 2009 £m | ||||
| Turnover including VAT and sales taxA | 18,495 | 18,206 | |||
| VAT and sales tax | (1,065) | (1,044) | |||
| Continuing operations | 17,430 | 17,154 | |||
| Discontinued operations | – | 8 | |||
| Turnover excluding VAT and sales tax | 17,430 | 17,162 | |||
| Continuing operations – operating profit before exceptional costs and amortisation of goodwill | 752 | 679 | |||
| Exceptional operating costs | (65) | (38) | |||
| Amortisation of goodwill | (13) | (14) | |||
| Continuing operations – operating profit | 674 | 627 | |||
| Discontinued operations – operating loss | – | (2) | |||
| Group operating profit | 674 | 625 | |||
| Share of profit/(loss) in joint ventures | 3 | (1) | |||
| Loss on sale of properties | (11) | (4) | |||
| Disposal of operations – discontinued | 61 | – | |||
| Profit on ordinary activities before interest | 727 | 620 | |||
| Net interest payable and similar items | (60) | (49) | |||
| Underlying profit on ordinary activities before taxB | 695 | 627 | |||
| Exceptional items | (15) | (42) | |||
| Amortisation of goodwill | (13) | (14) | |||
| Profit on ordinary activities before tax | 667 | 571 | |||
| Tax on profit on ordinary activities | (206) | (200) | |||
| Profit on ordinary activities after tax | 461 | 371 | |||
| Equity minority interest | (7) | (7) | |||
| Profit for the financial year | 454 | 364 | |||
| Equity dividends | (298) | (285) | |||
| Retained profit for the financial year | 156 | 79 | |||
| Basic earnings per share | 23.7p | 19.1p | |||
| Underlying earnings per shareB | 24.2p | 21.5p | |||
| Diluted earnings per share | 23.7p | 18.9p | |||
| Underlying diluted earnings per shareB | 24.1p | 21.3p | |||
| А | Including VAT at Sainsbury’s Supermarkets and sales tax at Shaw’s Supermarkets. | ||||
| B | Before exceptional items and amortisation of goodwill. | ||||
These are model essays please place an order for custom essays, research papers, term papers, thesis, dissertation, case studies and book reports.
