Investing.com - J Sainsbury (OTC:JSAIY) reported on Thursday fourth quarter earnings that missed analysts' forecasts and revenue that topped expectations.
J Sainsbury announced earnings per share of £0.12 on revenue of £14.17B. Analysts polled by Investing.com anticipated EPS of £10.89 on revenue of £14,029M.
J Sainsbury shares are down 17% from the beginning of the year, still down 33.13% from its 52 week high of £342.00 set on August 24, 2021. They are under-performing the FTSE 100 which is up 1.69% from the start of the year.
J Sainsbury follows other major Consumer Staples sector earnings this month
J Sainsbury's report follows an earnings missed by Tesco on April 13, who reported EPS of £0.09 on revenue of £30.93B, compared to forecasts EPS of £9.44 on revenue of £31,052M.
Associated British Foods had beat expectations on Tuesday with second quarter EPS of £63.8 on revenue of £7,882M, compared to forecast for EPS of £36.81 on revenue of £7,831M.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar