Sainsbury (j) Share Discussion Threads

[philanderer] 25/4/2024 21:36

Shoppers are beginning to spend more freely but it will take a cut in interest rates before sales of more expensive items such as TVs and sofas start to take off again, the boss of Sainsbury’s has said.

Simon Roberts, the chief executive of the group, which owns Argos and Habitat as well as its supermarkets, said he was cautious about the outlook for general merchandise, with sales of furniture and homeware remaining weak as households faced high mortgage and loan costs.

[spob] 25/4/2024 19:58

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[loganair] 25/4/2024 19:28

Jefferies has affirmed a positive outlook for J Sainsbury:


Despite providing a wide profit forecast range for 2024/2025, Jefferies believes that the higher end is achievable, given a potentially favourable consumer environment.

Looking forward, Sainsbury's has set a broad guidance range for PBT in 2024/2025, expecting it to be between £690 million and £765 million.

While Jefferies anticipates that consensus estimates may settle around £730 million, it reckons there is headroom to overachieve against that figure. This optimism is rooted in strong industry growth, market share gains, and potential margin expansion.

The American bank also highlights Sainsbury’s continued strength in grocery sales, projecting ongoing momentum and market outperformance into the next fiscal year.

It reiterated its buy recommendation and 300p price target.

[philanderer] 25/4/2024 16:18

Sainsbury’s shoppers saw online orders fail to arrive on Thursday morning after the supermarket giant was hit by another technical hitch.

[loganair] 25/4/2024 16:14

Shore Capital thinks there will be "easing volume momentum from here on as comparatives bite, noting that we also expect proprietary brand owners will be seeking to more assertively regain lost ground since 2022 to private label".


"Argos put in an uninspiring performance" - As I've posted several times in the past that it seems to me the over £1bln spent buying Argos was just empire building by Sainsbury's management at the time.


We think a valuation of 12 times forward consensus earnings is fair given trading and prospects. Retail free cash flow is guided to be at least £500mn this year, compared with the £639mn posted in 2023.

[philanderer] 25/4/2024 16:13

So does the market by the look of it.

[sawney] 25/4/2024 13:11

Give them their due...all missed deliveries are being given a £20 evoucher...

[pirates4] 25/4/2024 12:46

https://x.com/SainsburysNews/status/1783377074373198236

[spob] 25/4/2024 12:29

yeah i heard something about that on the radio this morning

[sawney] 25/4/2024 10:18

Seems they're having major tech/ delivery problems today...not a good look...been waiting myself and still no communication...phone lines locked up...the IT dept needs to get it's act together.....and revamp their grocery website while they're at it...:-)

[spob] 25/4/2024 09:25

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Regarding share buyback fees

As an example. Royal Mail paid an 8.5% fee for a £200m share buyback in 2022. Giving almost 16 million pounds to Bank of America ML

Anyone know how much Sainsbury's is paying ?

[unastubbs] 25/4/2024 08:44

i agree logan

[spob] 25/4/2024 08:13

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What is the most common word used in the Sainsbury's boardroom ?

UNDERLYING

[unastubbs] 25/4/2024 08:04

Dividend unchanged?? what does that signal? lousy performance from bank, non-food parlous. not a happy bunny...

[barnes4] 25/4/2024 07:38

Another well constructed post from an inch hi private i

[spob] 25/4/2024 07:30

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flush money down the toilet program is starting tomorrow

lots of juicy fees for someone

[spob] 25/4/2024 07:29

same old same old

[pirates4] 23/4/2024 14:52

Asda too like for like match with Aldi and Lidl

[pirates4] 23/4/2024 14:51

Buyers back in good prospect ahead for sainsburys