- Comparable sales excluding fuel increased by 2.8% in the third quarter.
- Total retail sales, excluding fuel, rose by 2.7%.
- Grocery sales showed a substantial increase, growing by 4.1%.
- Comparable sales including fuel remained flat at 0% against an estimate of 2.26%.
- The forecast for retail free cash flow remains at least GBP 500 million.
- The anticipated retail adjusted operating profit is between GBP 1.01 billion and GBP 1.06 billion, with estimates averaging GBP 1.04 billion.
- Full-year retail underlying operating profit is expected to align with consensus, showing a growth of about 7% within the guidance range.
- Financial Services’ underlying operating profit is projected to be around GBP 30 million, exceeding previous guidance.
- Christmas sales experienced a notable increase of 3.8%.
- General Merchandise and Clothing sales experienced a slight decline, down 0.1% in the third quarter.
- Market sentiment includes 11 buy ratings, 3 hold ratings, and 1 sell rating.
A look at J Sainsbury PLC Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 4 | |
| Dividend | 4 | |
| Growth | 2 | |
| Resilience | 2 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.0 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
J Sainsbury PLC, a retail food company, shows promising long-term potential based on its Smartkarma Smart Scores. With strong scores in both value and dividend, the company appears to be solid in terms of financial health and potential income for investors. However, the growth and resilience scores are more moderate, indicating areas where the company may need to focus on improving its performance. Despite these factors, the momentum score suggests that there may be positive movement in the company’s future prospects. Overall, J Sainsbury PLC seems well-positioned in the market, with a strong emphasis on value and dividends.
J Sainsbury PLC operates Sainsbury supermarkets, convenience stores, an Internet-based home delivery service, and Sainsbury Bank, providing a diverse range of services to consumers. The bank offers various financial products such as saving accounts, credit cards, mortgages, insurance products, and consumer loans. With its solid Value and Dividend scores, J Sainsbury PLC appears to be a robust player in the retail food industry, poised for potential growth and income generation. Investors may find the company an attractive option in their long-term investment portfolios, considering its overall positive outlook.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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