J Sainsbury (SBRY) has issued a trading statement for the 16 weeks ended 24th June 2023, emphasising “continued strong Grocery momentum” and “General Merchandise growth driven by further Argos market share gains, with strong Consumer Electronics sales offsetting weaker early Summer seasonals performance”. So what of this with a now 269.6p share price?
J Sainsbury (SBRY) probably gets over 90% of the weekly family food shop at my house, which I guess naturally makes me a bit of a fan. However, I do not own any shares in the company but, despite this, it is essential to be all over its trading update today, given the insights any supermarket can give about inflation and the cost-of-living crisis.
J Sainsbury (SBRY) has announced results for its year ended 4th March 2023 and said that it’s starting the new financial year with great momentum.
J Sainsbury (SBRY) recently concluded its financial year. However, there look to be good reasons to look forward to the 27th April-scheduled numbers and beyond with confidence with the resilient nature of its core business in a currently highly uncertain macro environment.
As I noted earlier in the month, J Sainsbury (SBRY) had an alright Christmas (aided by the purchase of a few seasonal specials by myself). Though, whilst I may be a regular customer, I do not own any shares in the name. But, judging by today’s news, is that a potential takeover mistake?
About six weeks ago, I noted why names such as Tesco (TSCO) and J Sainsbury (SBRY) remained very relevant for both the average shopper as well as the average investor. The shares have put on 10%+ since then, so I am not surprised that today’s update from the latter has led to a small share price decline this morning. It still remains relevant though or, as the Sainsbury’s third quarter headline put it, “strategy delivering volume market share gains and record Christmas”.
Almost every week J Sainsbury (SBRY) makes a food delivery to our home. It is probably not the cheapest nor the highest quality supplier, but it is proximate, reliable and - in my opinion - an above average player. Spot my aspirational middle-class background! I cannot remember the last time I have held shares in the company though, and that’s been a good year-to-date call. Despite offering a 5% dividend yield, the shares are down over 20% so far in 2022. Is it time to buy or keep on avoiding after numbers today?
An "excitable" Monday on the markets! I see that it has helped pull the FTSE 100 back to a small loss year-to-date. Well at least it is a lot better than peers in all the rest of the developed world. Meanwhile, did you see the headline that “Asda and Morrisons drop prices to help struggling shoppers”. So what does that mean for names such as Tesco (TSCO), J Sainsbury (SBRY) and Ocado (OCDO) among others?
Hello Share Placers. I sang the praises of Tesco (TSCO) recently. But I also rate the chances of Sainsbury (SBRY) improving its share price. Like Tesco, it did well before Christmas with trading better than expected by the City. My local store has had a few gaps on the shelves caused by the general transport supply problems, but it’s not too much to worry about as customers will find alternatives.
Hello, Share Crunchers. With the battle for Morrisons (MRW) still going on, one is tempted to look at the other big British supermarkets to see if they too will become targets. There’s been some speculation about Sainsbury’s (SBRY). One possible buyer has even been named: US buy-out outfit Apollo.







