Upcoming Reports: Barratt, Redrow, and Sainsbury’s in Focus

the positive trends seen in the Christmas trading update. The company’s online offering will also be under the spotlight, as Sainsbury’s looks to bolster its digital presence to compete with online retailers.”

Friday 18 April

In the UK, trading statements from Whitbread and AJ Bell

In the USA, quarterly results from Honeywell and Seagate

In Asia, quarterly results from Reliance Industries, United Spirits and ICICI Bank

Analysts expect Sainsbury’s to report underlying profit before tax of around £660 million, from £532 million the year before.

The cut to sales and profit guidance in its Q3 trading update at the end of January, reinstating its interim dividend, and completion of a £10 million share buyback, including a new £500 million share buyback for 2025, will also be in focus.

Meanwhile, capital expenditure this year is expected to come in at around £450 million, up from £397 million last year.

The supermarket’s pension deficit, a thorny issue given the retirement funds of food retail employees have historically been generous, will also be of interest. Sainsbury’s recently agreed with the trustees of the scheme to defer some payments to provide more flexibility to the business, although this had no impact on the underlying financial results in the first half of the financial year.

The possibility of boardroom changes, following the departure of two executives in the space of little more than a month, may also be on investors’ minds, but the main questions for Sainsbury will certainly be around its future market share, pricing strategy and profitability.

Analysts’ consensus for Sainsbury’s full-year numbers currently stands at:

Sales of £33.7 billion

Operating profit of £78 million

Underlying profit before tax of £661 million

Underlying earnings per share of 20.8p

Sainsbury’s dividend potential has also been a topic of debate after it reinstated cash payments at the half year.

However, the final dividend is forecast to top up the interim payment to 10p, down from 13.2p last time. This totals £198 million, which at present will represent a healthy 2.85% prospective yield.

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This week several top companies are expected to report their quarterly results, providing key insights for wealth managers and investors. A range of organizations, from Barratt Redrow to Sainsbury’s, are set to shed light on their financial performances.

On Wednesday, Barratt Redrow, a FTSE 100 housebuilder, will reveal its third-quarter trading update. As economic uncertainty looms in the UK, Barratt Redrow has faced challenges, seeing their shares hit 12-month lows since their merger with Redrow in 2024. Analysts and shareholders will be closely watching for key metrics, including the net reservation per sales outlet rate, forward sales book figures, and average selling prices.

Additionally, on Thursday, Sainsbury’s will release its full-year results, following a positive Christmas trading update earlier in the year. Despite maintaining a significant share in the grocery market, the company’s shares have stagnated at multi-year lows. Analysts will be looking at like-for-like sales growth numbers, the impact of Asda’s price reduction strategies, and the company’s online offerings to assess its competitive positioning.

Sainsbury’s is projected to report underlying profit before tax of around £660 million, up from £532 million the previous year. Analysts expect key indicators like capital expenditure, pension deficit management, and dividend potential to drive investor sentiment. The company aims to navigate market uncertainties and price wars while focusing on enhancing profitability and market share.

The upcoming financial announcements from Barratt Redrow and Sainsbury’s are critical events