Sainsbury (j) Share Discussion Threads

[loganair] 12/1/2022 09:06

Ross Hindle, analyst at Third Bridge, said: "Despite many expecting the discounters to flourish in the face of food inflation pressures, our experts don't expect Sainsbury's to be easily caught out."

He added: "December's trading was particularly strong for UK supermarkets, with home working translating into home eating and fewer consumers dining out as Omicron swept the country.

"There is now plenty of evidence to suggest the UK's grocery renaissance is here to stay. Sainsbury's should be able to hold on to its gains thanks to its loyal customer base and innovation around product lines, however it would be remiss not to highlight the threat the discounters and rapid-delivery grocers pose, particularly to Sainsbury's."

[loganair] 12/1/2022 09:05

Sainsbury's, the UK's second-largest supermarket chain by market share, reported grocery-led sales growth for the festive season covering the six weeks to 8 January - when compared to the same pre-pandemic period in 2019/20.

However, the picture was less rosy on a year-on-year basis as total retail sales came in 2.9% down on 2020/21 though its core food and drink offering saw growth of 0.1%.

Online grocery sales fell 15% as demand for deliveries tumbled given fewer COVID restrictions on families compared to Christmas 2020.

The company added that full price clothing sales were up 38% versus two years ago - and 2% higher on 2021/2021 thanks to reduced markdowns and promotions.

Argos sales were more than 9% down in the wider third quarter compared to the same period last year while the supermarket chain's general merchandise performance was 20% lower.

Total retail sales were 5.3% down on the same three months in 2020/21.


Its six-week festive performance does not compare favourably to discounters Aldi and Lidl, who both reported surging sales over their respective Christmas seasons.

[oracle14] 12/1/2022 07:14

Results look very very good...

[oracle14] 12/1/2022 07:13

Results look very good...

[philanderer] 11/1/2022 13:55

Lidl claims to be fastest-growing bricks and mortar retailer after Christmas sales growth

The firm's UK boss says Lidl will be "the destination for the lowest grocery prices" this year as household budgets are squeezed by rising inflation.

[anhar] 11/1/2022 08:45

I believe they've putin for a lot more stores, but I'm not russian to visit them. Too far to go and it's aldi same to me, rather have a lidl journey.

Wonder if they'll be selling novichoklate?

[loganair] 10/1/2022 17:08

New 'Russian Lidl' shop: Mere sells products half the price of Aldi.

I understand they currently have 2 stores opened, one in Preston and the other in Caldicot and are aiming to have 300 stores with in the next few years.

[netcurtains] 10/1/2022 14:19

... their first store will be in Salisbury.

[loganair] 10/1/2022 14:16

The new Russian owned supermarket group that has just opened its first store in the UK vow to be 30% cheaper than either Aldi or Lidl.

[philanderer] 10/1/2022 14:03

'Aldi vows to remain Britain’s cheapest supermarket'

[loganair] 09/1/2022 09:55

The biggest problem I see with Sainsbury's is the continual ineffectual leadership by the companies directors leading to lower profit margins which leads to lower profits thereby leading to lower dividends.

The main tool, almost the only tool the directors seem to be using is trying to match the discounters on price in the same way the legacy airlines carriers are trying to compete with the discount airline.

Like with the legacy airlines, the legacy supermarkets have high fixed costs and way too many layers of management.

[philanderer] 08/1/2022 00:23

Sainsburys acquires eight additional stores from real estate investment trust

[chiefbrody] 07/1/2022 21:38

Markets like it.Not.

[spob] 07/1/2022 20:19

Great news, ( if you ignore the "TRUE" current inflation rate of around 20% )

Yipppeeee

[philanderer] 07/1/2022 16:35

Indeed, especially if you're an employee and a shareholder.

------------------

Workers at Sainsbury’s and Argos are to receive a pay rise under a £100 million investment in staff.

Basic hourly pay for store employees will increase by 5.3%, from £9.50 to £10 an hour, in recognition of the “extraordinary work” they do for customers.

The hourly rate for workers in inner London will rise from £10.10 to £11.05, and from £9.75 to £10.50 for those in outer London.

Pay rates for drivers are also being increased.

Sainsbury’s Groceries Online drivers will be paid £11.50 an hour, and Argos Fast Track Delivery drivers will get £11 an hour.

Around 150,000 members of staff are set to benefit from the new rates of pay, which exceed the National Living Wage and the voluntary Real Living Wage, and means that Sainsbury’s hourly pay has increased by 25% over the past five years, the company said.

Chief executive Simon Roberts said: “To kick off the new year, I am pleased that one of the first things we are doing is investing in our colleagues and lifting our basic hourly rate of pay to £10.

“We are making this significant investment to show our colleagues how much we value the brilliant job they do for our customers every day.

“It also reflects the significant progress we are making against our plan and to save money we can invest in lower prices, offer fantastic colleague service and make shopping convenient for customers.

“We have also listened to our colleagues and are enhancing our colleague discount scheme to help them plan their grocery spend and manage their shopping budgets better, which could save colleagues hundreds of pounds a year.”

Dave Gill, national officer of shopworkers’ union Usdaw, said: “This increase is one of the leading rates of the major supermarkets. It is a big step forward and shows that the company are prepared to invest in the staff to help grow the business.

“It’s been a tough time for food retail staff who have worked throughout the pandemic in difficult circumstances.

“They provide the essential service of keeping the nation fed and deserve our support, respect and appreciation. Most of all they deserve decent pay and this offer is a welcome boost.”

The pay increases will come into effect from March 6.

[shareho1der] 07/1/2022 15:43

That should be good news for investors

[philanderer] 07/1/2022 14:40

Sainsbury’s store staff and drivers to get pay rise

Shop workers and drivers at Sainsbury’s will see pay increases later in the year.

[philanderer] 07/1/2022 14:32

'Sainsbury’s adds 30 new fresh lines to Aldi Price Match campaign'

[oracle14] 07/1/2022 00:17

Time to buy....big money hit it today

[oracle14] 07/1/2022 00:15

Sbry about to start and rock and roll...310+ coming soon

[philanderer] 06/1/2022 13:02

Sainsbury’s can clear its hurdles, says Shore Capital


Sainsbury’s (SBRY) is facing tough comparatives this year, on top of supply chain problems related to Argos, but it should deliver ‘in-line’ trading, says Shore Capital.

Analyst Clive Black retained his ‘buy’ recommendation on the supermarket, which firmed 0.9%, or 2.4p, to 280p on Wednesday.

‘We sense that it will be within the pack from a grocery trading perspective compared to the other Big Four operators, noting that Asda will be benefiting from relatively easier comparatives; Sainsbury’s comparatives are very tough,’ he said

Black said alongside trying to top 2020’s strong sales, Sainsbury’s will also have to ‘manage the challenges at Argos where product availability has been an issue in 2021 as a result of supply chain and freight matters’.

He added: ‘To date, Sainsbury’s has spoken of Argos delivering a flat out-turn year-on-year so margin offsetting sales absences; we would expect Sainsbury’s clothing business Tu to be performing well.

‘All-in-all, we would expect Sainsbury’s to deliver in-line guidance in its third-quarter trading update.’

[arja] 06/1/2022 08:37

wow , SBRY breaking out in such a bearish market ! Maybe the link above is relevant to this although TSCO is doing nothing so far

[philanderer] 05/1/2022 14:18

Kantar: Shoppers return to supermarkets for festive feasts

[philanderer] 03/1/2022 01:00

Telegraph's Questor 2021 review

Likewise, the opportunities from buying stocks that have had a relatively disappointing history, but which can capitalise on changing industry trends, are illustrated by our advice to buy Sainsbury’s.

We tipped the supermarket, which has struggled for years with no-frills rivals and price-conscious consumers, in March. Encouragingly, its online investment now appears to be bearing fruit. This has contributed to a 19.5pc share price rise and 10.6 percentage point outperformance of the FTSE 100 since our tip.

Moreover, its cost-cutting strategy, the development of home-related products and a switch towards digital avenues could pay off in future.