Investors with an interest in Retail - Supermarkets stocks have likely encountered both J. Sainsbury PLC (JSAIY) and Walmart (WMT).
JSAIY made it to the Zacks Rank #1 (Strong Buy) value stock list on September 18, 2024.
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.
Investors looking for stocks in the Retail - Supermarkets sector might want to consider either J. Sainsbury PLC (JSAIY) or Walmart (WMT).
Investors with an interest in Retail - Supermarkets stocks have likely encountered both 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.
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.
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 (OTCQX:JSAIY) Q1 2024/2025 Trading Statement Earnings Conference Call July 2, 2024 4:15 AM ET Company Participants Simon Roberts - Chief Executive Officer Blathnaid Bergin - Chief Financial Officer Conference Call Participants Sreedhar Mahamkali - UBS Izabel Dobreva - Morgan Stanley Monique Pollard - Citigroup Inc. François Digard - Kepler Cheuvreux Anna Schumacher - BNP Paribas Exane Paul Rossington - HSBC Darren Shirley - Shore Capital Operator Hello, and welcome to the Sainsbury's 2024/2025 Q1 Trading Statement Analyst Q&A Call. On the call this morning is Simon Roberts, Chief Executive; and Blathnaid Bergin, Chief Financial Officer.
J Sainsbury plc reported a 6.2% decline in year-on-year sales at its Argos subsidiary in the latest quarter due to a drop in demand for consumer electronics. Sales at the catalogue-based retail chain fell 6.2% in the 16 weeks to 22 June and while this was against strong 2023 comparatives, Sainsbury's also acknowledged “significantly lower” seasonal sales and weak demand for electronics, particularly gaming.
Sainsbury's, Britain's second largest supermarket group, kept its annual financial guidance as it reported a 3% rise in first-quarter underlying sales, though robust grocery sales were partially offset by weather-related weakness in non-food areas.
British supermarket Sainsbury's said on Thursday it had agreed to sell most of its banking unit to Natwest and expected the sale to complete in the first half of next year.