JSNSF - J Sainsbury plc (JSAIY) Q1 2024/2025 Trading Statement Earnings Call Transcript

2024-07-02 10:42:06 ET

J Sainsbury plc (JSAIY)

Q1 2024/2025 Trading Statement Earnings Conference Call

July 02, 2024 04:15 AM ET

Company Participants

Simon Roberts - Chief Executive Officer

Blathnaid Bergin - Chief Financial Officer

Conference Call Participants

Sreedhar Mahamkali - UBS

Izabel Dobreva - Morgan Stanley

Monique Pollard - Citigroup Inc.

François Digard - Kepler Cheuvreux

Anna Schumacher - BNP Paribas Exane

Paul Rossington - HSBC

Darren Shirley - Shore Capital

Presentation

Operator

Hello, and welcome to the Sainsbury's 2024/2025 Q1 Trading Statement Analyst Q&A Call. On the call this morning is Simon Roberts, Chief Executive; and Blathnaid Bergin, Chief Financial Officer.

I will now hand you over to Simon Roberts for opening remarks.

Simon Roberts

Thank you. Well, good morning, everybody, and thanks for joining Blathnaid and I to cover our first quarter trading statement covering the 16 weeks up until the 22nd of June. I'm going to highlight some key points about our trading performance in the quarter. And then, of course, Blathnaid and I will be really happy to take all your questions.

So as you know, this is the first quarter of our next level Sainsbury strategy that we shared with you back in February. And we've set ourselves up really well to build on the progress that we've made over the last three years. I'm pleased with this first quarter against a particularly strong period last year, which benefited from peak inflation from the launch of Nectar Prices and a good early start to the summer....

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