Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
British supermarket group Sainsbury's has agreed the sale of Sainsbury's Bank's travel money business to Fexco Group, it said on Wednesday, continuing its withdrawal from banking services.
Investors interested in stocks from the Retail - Supermarkets sector have probably already heard of J. Sainsbury PLC (JSAIY) and Walmart (WMT).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Management has executed very well over recent years and Sainsbury is well-placed to handle increased UK supermarket sector competition. Guidance for FY26E appears to have been set quite conservatively, with management flagging a stronger second half of the year due to the timing of store expansions. The share price will be well-supported by a renewed buyback of at least £200m and an expected special dividend of £250m associated with the completion of the sale of the core banking business.
Sainsbury's beat profit expectations for the full fiscal year, as the company focuses on supporting sales volumes by lowering prices.
Investors interested in Retail - Supermarkets stocks are likely familiar with J. Sainsbury PLC (JSAIY) and Walmart (WMT).
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
J Sainsbury PLC will axe 3,000 jobs in the next few months as reshuffles middle management and shuts down in-store cafés and deli counters, which it said will "simplify the business". The jobs cuts will include around 20% senior management roles, the supermarket group said, having previously announced plans for £1 billion of cost cuts.
British supermarket group Sainsbury's said on Thursday it was proposing to reduce its headcount by over 3,000 roles as it seeks savings to counter a "particularly challenging cost environment".
Despite a sell-off triggered by QIA's massive share sale last year, Sainsbury's fundamentals remain strong with consistent grocery market share gains and potential future margin accretion. While GM faces headwinds, the company's core grocery business shows robust volume growth, with its Nectar loyalty program hitting record participation levels. Management's strategic initiatives, cost savings, and strong tailwinds from expected positive real wage growth support an upgraded price target, as we believe the stock to be underappreciated.
Sainsbury's , Britain's second biggest supermarket group, on Friday reported a 2.8% rise in underlying sales for the key Christmas quarter, with robust grocery sales offset by a weaker performance in general merchandise.