J Sainsbury Plc Ord (JSNSF) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello and welcome to the Sainsbury's 2025-26 Q1 Trading Statement Analyst Q&A call. On the call this morning is Simon Roberts, Chief Executive and Blonard Bergin, Chief Financial Officer. I will now hand over to Simon Roberts for the presentation. Thank you. A very good morning, everybody, and welcome to our first quarter trading statement covering the 16 weeks to the 21st of June. I'm going to talk briefly about our trading performance, and then, of course, Brandon and I will be very happy to take all the questions. So I want to start here with a slide that you may remember. We shared our prelims results back at the end of April. Now, these are the priorities that we set out with the clear intention to focus and energize all of our team across the business to accelerate into the year ahead, and deliver the next phase of our growth. So now 16 weeks into the new financial year, the results we've issued this morning demonstrate the strong trading momentum we are driving across all of our brands. We're doing exactly what we committed to do, sustaining the strength of our competitive position in grocery and growing market share. In fact, we built further on our strong competitive position during the quarter, improving our prices against all competitors and consistently delivering our winning combination of value, quality, availability, and service. As a result, our food business continues to go from strength to strength. We're growing volumes faster than the market for our third consecutive year, and we've achieved our highest market share since 2016. And we're making good progress with our plan to bring the best of our food offer to more customers, with seven new convenience stores and two new supermarkets opening during the quarter. Now, if you've been into our stores ...