Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

270.40p
   
  • Change Today:
    -1.50p
  • 52 Week High: 310.40
  • 52 Week Low: 245.80
  • Currency: UK Pounds
  • Shares Issued: 2,368.99m
  • Volume: 3,801,283
  • Market Cap: £6,406m
  • RiskGrade: 132

Grocery bills mount as inflation surges - Kantar

By Abigail Townsend

Date: Tuesday 19 Jul 2022

LONDON (ShareCast) - (Sharecast News) - Grocery inflation has rocketed to nearly 10%, industry data showed on Tuesday, as supply chain pressures continue to drive up prices.
According to Kantar, like-for-like grocery price inflation hit 9.9% over the past four weeks, up 1.6 percentage points on last month and the second highest reading since the retail consultancy started tracking prices in 2008.

In the 12 weeks to 10 July, grocery inflation was 8.1% year-on-year, with prices rising fastest in butter, milk and dog food.

As a result, shoppers are now facing a £454 increase to annual grocery bills.

Fraser McKevitt, head of retail and consumer insight at Kantar, said shoppers would be "feeling the pinch" during the first restriction-free summer since 2019, and were increasingly turning to own-brand products as a result. Supermarket own-line labels grew 4.1% over the period, while branded items fell by 2.4%.

"It is a complex picture and the grocers are busy negotiating with their suppliers to mitigate impact at the tills as far as possible," McKevitt added.

Discounter Lidl was the fastest growing supermarket in the 12 weeks to July, with sales up 13.9%. Aldi reported sales growth of 11.3%. Kantar said more than 67% of people in Britain shopped at either an Aldi or Lidl in the past 12 weeks.

Tesco - which has the biggest market share with 27.1% - saw sales nudge 0.1% higher, while sales fell 2.2% at J Sainsbury, by 2.3% at Asda and by 6.7% at Wm Morrison. Sales eased 0.2% at frozen food retailer Iceland.

Sales at Waitrose, part of the John Lewis Partnership, were down 6.3% while at online retailer Ocado they rose 0.7%.

Overall, UK supermarket sales rose by 0.1% in the 12 weeks to 10 July, the first time the market has seen growth since April 2021.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Sainsbury Market Data

Currency UK Pounds
Share Price 270.40p
Change Today -1.50p
% Change -0.55 %
52 Week High 310.40
52 Week Low 245.80
Volume 3,801,283
Shares Issued 2,368.99m
Market Cap £6,406m
RiskGrade 132

Sainsbury Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
72.88% above the market average72.88% above the market average72.88% above the market average72.88% above the market average72.88% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Price Trend
53.94% above the market average53.94% above the market average53.94% above the market average53.94% above the market average53.94% above the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average
Income
50.06% above the market average50.06% above the market average50.06% above the market average50.06% above the market average50.06% above the market average
100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average100.00% above the sector average
Growth
76.9% below the market average76.9% below the market average76.9% below the market average76.9% below the market average76.9% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average

What The Brokers Say

Strong Buy 1
Buy 4
Neutral 5
Sell 2
Strong Sell 0
Total 12
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Sainsbury Dividends

  Latest Previous
  Interim Final
Ex-Div 09-Nov-23 08-Jun-23
Paid 15-Dec-23 14-Jul-23
Amount 3.90p 9.20p

Trades for 28-Mar-2024

Time Volume / Share Price
16:35 2,385,390 @ 270.40p
16:35 449 @ 270.40p
16:35 3,830 @ 270.40p
16:35 3,978 @ 270.40p
16:35 1,246 @ 270.40p

Sainsbury Key Personnel

Chair Martin Scicluna
CEO Simon Roberts
CFO Bl á thnaid Bergin

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