Sainsbury’s staff will share the grocer’s largest ever bonus pot, after the supermarket revealed a 6.2% rise in underlying profit before tax to £756m.
The supermarket’s 134,000 employees will take a share of a bonus pot worth over £90m. The record performance-related pay-out is linked to profit and corporate sales, as well as individual store performances and customer service targets.
Sainsbury’s chief executive Justin King said: “This record bonus pot reflects the success we’ve seen which is down to the hard work and commitment of colleagues across the business.”
On Wednesday, Sainsbury’s unveiled a 4.6% increase in total sales to £25.6bn for the year to March 16, while its market share has also grown to 16.8%, its highest for a decade.