40 år i branschen
185 800 kunder världen över
15 000 marknader

Sainsbury’s increases market share

Rising profits and improving market share enable Sainsbury’s to talk confidently about the firm’s direction as shares smash through the £4 barrier.

Sainsbury’s has seen sales grow for the 35th consecutive quarter in a row, which leaves the firm on the cusp of overtaking Asda as the second largest UK food retailer. The company’s underlying pre-tax profit in the first half of its tax year was £400 million – better than the consensus of institutional analysts. Obviously the question investors are keen to know now is: can it maintain this performance?

The company’s CFO, John Rogers, confirmed in interviews this morning that UK shoppers are still very price sensitive and that baskets are at least one item less than in previous years. This of course has been the case for a while, and Sainsbury’s has managed to appropriately organise itself to handle these issues. With a more prudent shoppers’ mentality, the third quarter tends to see revenue tighten ahead of Christmas.

Diversification away from its historical core sales continues, as Sainsbury’s has seen clothing and white goods sales increase at double the pace of food sales. Also worth noting is that once again online sales have grown by a further 15%, representing a pattern of shifting demographics in the buying habits of UK consumers.  

Sainsbury's chart

Denna information har sammanställts av IG, ett handelsnamn för IG Markets Limited. Utöver friskrivningen nedan innehåller materialet på denna sida inte ett fastställande av våra handelspriser, eller ett erbjudande om en transaktion i ett finansiellt instrument. IG accepterar inget ansvar för eventuella åtgärder som görs eller inte görs baserat på detta material eller för de följder detta kan få. Inga garantier ges för riktigheten eller fullständigheten av denna information. Någon person som agerar på informationen gör det således på egen risk. Materialet tar inte hänsyn till specifika placeringsmål, ekonomiska situationer och behov av någon specifik person som får ta del av detta. Det har inte upprättats i enlighet med rättsliga krav som ställs för att främja oberoende investeringsanalyser utan skall betraktas som marknadsföringsmaterial.