Sainsbury’s boss Simon Roberts takes home £5.18m in FY24
During the period, Roberts was awarded a 3% salary increase, which took his base pay of £971k up to just over £1m
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Sainsbury’s boss Simon Roberts benefited from a £5.18m pay packet for the year ending 1 March, after the second biggest supermarket chain saw its underlying retail profits hit £1bn.
According to the group’s annual report, the chief executive take home pay increased by 7.69% from the £4.81m reported in the year prior.
When broken down, Roberts’ pay was made up of an annual salary of £1.06m and £4.12m in bonus payments, as well as an annual bonus of £1.94m. He also received £2.17m from the group’s long-term incentive plan.
Sainsbury’s chief financial officer, Bláthnaid Bergin, received £2.26m in compensation last year. This figure is slightly lower than the £2.35m she was awarded the previous year, primarily due to a reduction in bonus payments.
During the period, Roberts was awarded a 3% salary increase, which took his base pay of £971k up to just over £1m. Bergin was also awarded the same increase, and saw her base salary go from £650k to £696,280.
The retailer reported a 7.2% rise in its retail operating profit to £1.04bn last year, alongside a 3% rise in sales to £31.5m. This resulted in substantial executive compensation.
Despite this, Sainsbury’s anticipates flat profits for the upcoming year, aiming to sustain its current performance within a competitive grocery sector.
The group projects its retail underlying operating profit for the 2025/26 fiscal year to be approximately £1bn, meaning a slight decrease from the £1.036bn achieved in the year ending 1 March.
