J. Sainsbury Plc Sponsored ADR (JSAIY)
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J Sainsbury plc (JSAIY) Q1 2024/2025 Trading Statement Earnings Call Transcript
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.
Sainsbury's suffers Argos sales dip as electronics demand falls off
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.
UK's Sainsbury's says weak non-food weighs on quarterly sales growth
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.
UK supermarket Sainsbury's to sell banking unit to Natwest
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.
Are Investors Undervaluing J. Sainsbury (JSAIY) Right Now?
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.
Sainsbury's on track for strong first quarter, house suggests
Sainsbury's trading update on 2 July should show excellent progress in grocery against tough comparatives but tougher trading in non-food, suggests house broker Shore Capital. “We would expect mid-single digit food sales growth year-on-year with volume growth robust in a dis-inflating and competitive market, supporting share gains.
J. Sainsbury (JSAIY) Forms 'Hammer Chart Pattern': Time for Bottom Fishing?
After losing some value lately, a hammer chart pattern has been formed for J. Sainsbury (JSAIY), indicating that the stock has found support.
Should Value Investors Buy J. Sainsbury (JSAIY) Stock?
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.
JSAIY vs. WMT: Which Stock Is the Better Value Option?
Investors with an interest in Retail - Supermarkets stocks have likely encountered both J. Sainsbury PLC (JSAIY) and Walmart (WMT).
