Sainsbury (j) Share Discussion Threads

[poikka] 25/6/2019 09:21

"German discounter Aldi attracted an additional 883,000 shoppers in the 12 week period, with sales up 9.3%. This helped the retailer to grow its market share to 7.9%, up by 0.5 percentage point on the year ago period.

Rival Lidl also enjoyed another strong period, with sales up by 7.5%, lifting its market share to 5.7% from 5.4%.

Aside from Aldi and Lidl, Co-op and online retailer Ocado posted market share gains, according to the latest Kantar grocery market survey.

Co-op commanded 6.2% of British grocery sales in the 12 week period, with its market share rising to 6.2% from 6.1%. Ocado was the UK’s fastest growing supermarket, with sales growth of 11.3% comfortably ahead of the overall e-commerce market at 6%. Its market share increased to 1.3% in the 12 weeks from 1.2% a year ago.

Frozen food specialist Iceland Foods also recorded 0.6% growth in sales, although its market share slipped by 0.1 percentage point to 2.1%. Premium supermarket Waitrose, part of the John Lewis Partnership, saw flat sales rise, with its market share dipping to 5.0% from 5.1%.

Among the big four UK retailers, Tesco PLC saw flat sales in the period and its market share slipped to 27.3% from 27.7%.

Kantar attributed the flat sales performance at Tesco to growth in its value own-label lines like Eastman's and Redmere Farms and due to lower prices offered by its "100 Years of Great Value" campaign.

J Sainsbury PLC recorded a 0.6% drop in sales, though halving the rate of decline it registered in May, and its market share shrunk to 15.3% from 15.6%.

Walmart Inc-owned Asda's sales fell by 0.1%, though its online arm enjoyed double-digit growth of 10%. Asda's share of the overall market fell by 0.2 percentage point to 14.9%.

Sales for Wm Morrison Supermarkets PLC decreased by 0.5%, lowering its market share of grocery sales to 10.4% from 10.6%."

[loganair] 25/6/2019 09:08

Sainsbury's underperforms rivals again in latest data: Kantar


British supermarket Sainsbury's underperformed its big four rivals again in a weak overall market during the 12 weeks to June 16, industry data showed on Tuesday.

The group, which had its 7.3 billion pound ($9.3 billion)takeover of rival Asda blocked by the UK competition regulator in April, saw its sales fall 0.6% in the period, market researcher Kantar said.

In contrast sales at market leader Tesco,Asda and No. 4 Morrisons were flat, down 0.1% and down 0.5% respectively. Discounters Aldi and Lidl saw growth of 9.3% and 7.5%.

Overall UK grocery sales were up 1.4% - the modest growth reflecting a wet start to the summer in Britain.

[cwa1] 25/6/2019 08:59

OK, the descent into madness has clearly started! Taken a few SBRY at 187p. Good luck all holders.

[orinocor] 25/6/2019 08:12

Let the re-rating commence

[orinocor] 24/6/2019 22:56

Sainsbury need to make a bid for Shell. Otherwise the outlook is bleak.

[tim 3] 24/6/2019 22:29

lol

Problem is whats going to drive it up.Tough competition not going away any day soon.

Share prices rise because the outlook improves not just because they are cheap in my experience.

[loganair] 24/6/2019 22:14

What big deal and with whom could Sainsburys do???

[justiceforthemany] 24/6/2019 21:48

Qataris offered £6 only a few years back for the remaining shares they don't already hold - Coupe may have failed with Asda but another deal may follow and soon.

[poikka] 24/6/2019 20:51

Grocers figures out tomorrow, hence nervousness and SBRYs fall.

[shareho1der] 24/6/2019 19:17

As I said before, I sold because I don't like the fact that the bond conversation price is lowered every time a dividend is declared. This is a bad investment and the bondholders has the upper hand.

[neilyb675] 24/6/2019 17:49

170 x 0.20 (discount) = 34p

170 - 34 = 136.

Fill your boots if that is the sharesave offer price come November.

[supercity] 24/6/2019 17:01

Closed at a five year low - I would expect a sudden drop from here unless sentiment changes quickly.I think 150-160 would be a good buy for a 30% bounce back - got my money ready.

[oakville] 24/6/2019 16:23

£160 on the cards.

[orinocor] 24/6/2019 15:27

this is nothing short of a national scandal

[debsdowner] 24/6/2019 12:06

£1.90 now broken with a possibility of triggering stop losses.

[debsdowner] 24/6/2019 11:13

ALDI & LIDL

Powering ahead to grab more market shares in groceries:

[bookbroker] 24/6/2019 11:04

Self-praise is no praise!

[loganair] 24/6/2019 10:57

robot - is that all you can ever post on several threads "black gold hammering up" which has very little to do with the threads you're posting on.

[robot ic1] 24/6/2019 10:37

Qantas good morning ,black gold hammering up

[cwa1] 24/6/2019 10:27

Moderately tempted by a small punt here at about 190p'ish. Perhaps I should go and lie down until it passes?