Sainsbury (J) (SBRY)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

247.00p
   
  • Change Today:
      1.00p
  • 52 Week High: 310.40p
  • 52 Week Low: 239.60p
  • Currency: UK Pounds
  • Shares Issued: 2,357.50m
  • Volume: 7,146,043
  • Market Cap: £5,823m
  • RiskGrade: 132
  • Beta: 0.91

Euros see supermarket sales grow despite poor weather

By Josh White

Date: Tuesday 16 Jul 2024

LONDON (ShareCast) - (Sharecast News) - Take-home sales at supermarkets rose by 2.2% over the four weeks ended 7 July, according to fresh industry data released on Tuesday, driven by summer events and evolving consumer preferences.

The men's UEFA European Football Championship significantly influenced the increase, according to Kantar, with fans purchasing more beers, crisps and snacks on matchdays.

Looking at the retailers themselves, Ocado maintained its position as the fastest-growing grocer, while Tesco achieved its biggest market share gain in over 18 months, and J Sainsbury saw sales grow by almost 5%.

"Football fans drove beer sales up by an average of 13% on the days that the England men's team played, compared with the same day during the previous week," said Fraser McKevitt, head of retail and consumer insight at Kantar.

"Sales of crisps and snacks also got a boost, up by 5% compared with the month before."

The period also saw the lowest grocery price inflation since September 2021, at 1.6%, coinciding with the highest monthly footfall rise of the year.

Britons made 2% more supermarket trips compared to the prior year, indicating improved consumer confidence.

The surge in activity led to a 3.6% increase in sales of branded products, outpacing the 2.7% growth of own-label items.

"England's hopes might have been dashed on Sunday, but there was still some cause for celebration in the grocery industry," McKevitt continued.

Despite the summer calendar, the unseasonably wet weather influenced shopping habits, with a notable rise in sales of cold and flu treatments by 35%, while sun cream sales dipped by 10% compared to last year.

Sales of artificial tan products meanwhile rose 16% as shoppers sought to maintain their summer glow despite the gloomy weather.

"We're still waiting for the great British summer to break through the clouds, and we're seeing the effects of that in our shopping baskets," added Fraser McKevitt.

Changes in dietary habits and a growing preference for premium coffee had also altered the contents of British shopping baskets since 2010.

Sales of popcorn, peanut butter, and chilled vegetarian products like sausages and grills had more than trebled, alongside a noticeable increase in premium ground and bean coffee consumption.

"The retail landscape looks very different from 2010 when the last Labour government was in power - and so do our shopping trolleys," McKevitt said.

In terms of market performance, Ocado continued its streak as the fastest-growing grocer, with a 10.7% sales increase over the 12 weeks to 7 July, securing a 1.8% market share.

Lidl's sales jumped by 7.8%, bringing its market share to 8.1%.

Waitrose experienced its first share gain since January 2022, with a 0.1 percentage point rise to 4.5%.

Tesco achieved its most significant market share gain since November 2021, reaching 27.7%.

J Sainsbury boosted its sales by 4.7%, bringing its market share to 15.3%, up from 14.9%, while Morrisons and Asda held market shares of 8.7% and 12.7%, respectively.

Aldi's market share stood at 10%, while Co-op and Iceland maintained their shares at 5.7% and 2.3%, respectively, with Iceland's sales increasing by 4.1%.

Reporting by Josh White for Sharecast.com.

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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 247.00p
Change Today 1.00p
% Change 0.41 %
52 Week High 310.40p
52 Week Low 239.60p
Volume 7,146,043
Shares Issued 2,357.50m
Market Cap £5,823m
Beta 0.91
RiskGrade 132

Sainsbury Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
82.81% above the market average82.81% above the market average82.81% above the market average82.81% above the market average82.81% 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
Price Trend Not Available
Income
62.33% above the market average62.33% above the market average62.33% above the market average62.33% above the market average62.33% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Growth
77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average77.64% below the market average
83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average83.33% below the sector average

What The Brokers Say

Strong Buy 3
Buy 4
Neutral 3
Sell 1
Strong Sell 0
Total 11
buy
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 14-Nov-24 06-Jun-24
Paid 20-Dec-24 12-Jul-24
Amount 3.90p 9.20p

Trades for 21-Nov-2024

Time Volume / Share Price
15:58 1,179 @ 247.00p
15:58 299 @ 247.00p
15:58 1,165 @ 247.00p
15:58 575 @ 247.00p
15:58 1,413 @ 247.00p

Sainsbury Key Personnel

Chair Martin Scicluna
CEO Simon Roberts
CFO Bl á thnaid Bergin

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