Sainsbury’s posted a strong trading performance in Q3 plus Christmas period. The company managed to improve its volume-based market share in the grocery segment. The ongoing cost cutting plan and reduced promotional activity in other segments has prompted the management to improve the outlook for FY21/22 (underlying PBT of at least £720m; +60m vs previous guidance). While the coming quarters should witness higher inflation, pandemic-led demand is also likely to normalize. We maintain our positi ....
13 Jan 2022
A decent showing during the peak Christmas period!
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
A decent showing during the peak Christmas period!
J Sainsbury plc (SBRY:LON) | 262 7.9 1.2% | Mkt Cap: 6,238m
- Published:
13 Jan 2022 -
Author:
Nishant Choudhary -
Pages:
3
Sainsbury’s posted a strong trading performance in Q3 plus Christmas period. The company managed to improve its volume-based market share in the grocery segment. The ongoing cost cutting plan and reduced promotional activity in other segments has prompted the management to improve the outlook for FY21/22 (underlying PBT of at least £720m; +60m vs previous guidance). While the coming quarters should witness higher inflation, pandemic-led demand is also likely to normalize. We maintain our positi ....