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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  J Sainsbury plc    SBRY   GB00B019KW72

J SAINSBURY PLC

(SBRY)
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J Sainsbury : Sainsbury's continues measures to reduce plastic as part of 2025 commitment

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11/21/2019 | 12:26pm EST

21 November 2019

The retailer will increase 'Bag for Life' carrier bag charge from 10p to 20p from 21 November across the estate

  • Step change sees extension of trial which was introduced earlier this year in Wales
  • All profits from 'Bag for Life' sales will continue to go to good causes
  • Sainsbury's is also assessing full range of 'Bags for Life', as it works with customers, colleagues and suppliers to reduce unnecessary plastic across the business
  • The trial is just one of the steps Sainsbury's `is taking to reduce plastic by 50% by 2025

A Sainsbury's spokesperson said: 'We have updated the price of our Bags for Life to encourage customers to re-use their bags. This is part of our ongoing commitment to help reduce the amount of plastic that's used and we continue to donate the profits to good causes. We are trialling this across our store estate to test the customer response and welcome customer feedback.'

Disclaimer

J. Sainsbury plc published this content on 21 November 2019 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 November 2019 17:25:07 UTC

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Financials (GBP)
Sales 2020 28 998 M
EBIT 2020 985 M
Net income 2020 352 M
Debt 2020 1 142 M
Yield 2020 5,02%
P/E ratio 2020 16,5x
P/E ratio 2021 11,5x
EV / Sales2020 0,20x
EV / Sales2021 0,18x
Capitalization 4 561 M
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Mean consensus HOLD
Number of Analysts 19
Average target price 238,56  GBp
Last Close Price 206,80  GBp
Spread / Highest target 35,4%
Spread / Average Target 15,4%
Spread / Lowest Target -8,12%
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Managers
NameTitle
Michael Andrew Coupe Chief Executive Officer & Executive Director
Martin A. Scicluna Chairman
Simon John Roberts Director-Retail & Operations
Kevin O'Byrne Chief Financial Officer & Director
Richard Philip Newsome Director-Digital & Technology
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