09 maj: Kia Motors To Export K9 Sedan To China In 2013, US In 2014
09 maj: CRH Like-For-Like Sales Up 2% For First Four Months
09-05-2012 08:49:00

J Sainsbury To Scale Back Expansion As Profit Falls Slightly

Relateret indhold

LONDON -(Dow Jones)- J Sainsbury PLC (SBRY.LN) said Wednesday it will follow chief rival Tesco PLC (TSCO.LN) in scaling back new retail space growth in the coming year as the U.K. grocer reported a fall in full-year net profit but a market-beating increase in same-store sales.

"Whilst the wider economic situation remains uncertain, we remain confident that our clear strategy, market insight and strong values will enable us to make further progress both in our core food and non-food businesses," said Chief Executive Justin King.

Sainsbury, the U.K.'s No. 3 supermarket by market share behind Tesco and Wal-Mart Stores Inc. (WMT)-owned Asda Group Ltd., reported net profit of GBP598 million for the year to March 17, compared with GBP640 million a year earlier, on total sales 6.8% higher at GBP24.51 billion. Same-store sales--measured from shops open more than a year--excluding fuel rose 2.1%.

The retailer posted adjusted pretax profit--the performance indicator most analysts watch for--of GBP712 million, up from GBP665 million, slightly above consensus estimates of GBP701 million. The full-year dividend increased to 16.1 pence from 15.1 pence.

Sainsbury said it expects growth in new retail space to be around 5% in fiscal 2013, a climb down from the target of 15% it set in 2009.

Consumers have come under increasing pressure in recent months as the U.K. economy has nosedived back into recession and miserable weather has kept shoppers off the high street. Data released by the British Retail Consortium earlier Wednesday showed retail sales fell 3.3% in April, the biggest decline since March 2011.

Sainsbury's recent strategy has been built around its Brand Match promotion, which analysts have credited with attracting cash-strapped customers and helping the company gain market share on its rivals.

Latest data from Kantar, which monitors grocery purchasing habits, showed Sainsbury retain its share of the U.K. grocery market at 16.6%. In the last year, Sainsbury has taken customers away from market leader Tesco, while stretching its lead over fourth-placed Wm. Morrison Supermarkets PLC (MRW.LN).

-By Peter Evans, Dow Jones Newswires; 44-20-7842-9308; peter.evans@dowjones.com

Order free Annual Report for WM Morrison Supermarkets Plc

Visit http://djnweurope.ar.wilink.com/?ticker=GB0006043169 or call +44 (0)208 391 6028

Order free Annual Report for Tesco Plc

Visit http://djnweurope.ar.wilink.com/?ticker=GB0008847096 or call +44 (0)208 391 6028

Order free Annual Report for Tesco Plc

Visit http://djnweurope.ar.wilink.com/?ticker=US8815753020 or call +44 (0)208 391 6028

(END) Dow Jones Newswires

May 09, 2012 02:49 ET (06:49 GMT)

Copyright (c) 2012 Dow Jones & Company, Inc.

Opret kommentar

Relateret debat

  • 1 uge
  • 1 måned
  • 1 År
Ingen indlæg

Fondsbørsmeddelelser

Nordnet: Private kaster deres kærlighed på Novo og Mærsk

01-10-2014 12:53:00
A.P. Møller - Mærsk og Novo Nordisk var Nordnet-kundernes foretrukne aktiekøb i september, hvor Vestas til gengæld var at finde på salgslisten. Det fremgår af e..

Novo: Amerikansk entreprenør skal bygge ny Bagsværd-fabrik

01-10-2014 09:17:16
Det bliver det amerikanske entreprenørselskab Jacobs Engineering Group, der skal opføre den finrensningsfabrik, som Novo Nordisk er på vej til at etablere i Bag..

Aktier/tendens: Aktiepilen ser ud til at skulle træde vande

01-10-2014 08:23:38
Der er udsigt til en sivende åbning på aktiemarkederne onsdag morgen, hvor der ventes en uændret eller måske lidt rød start.- Det ser ud til, at vi skal forvent..

Mest læste nyheder

  • 24 timer
  • 48 timer
  • 1 uge
1
Vestas/Barclays: Ordreskuffelse drevet af USA og EM
2
Novo: Amerikansk entreprenør skal bygge ny Bagsværd-fabrik
3
Nordnet: Private kaster deres kærlighed på Novo og Mærsk
4
Aktier/tendens: Aktiepilen ser ud til at skulle træde vande
5
Vestas skal levere 49 megawatt til Uruguay

Relaterede aktiekurser

Morrison (WM) Supermarke.. 159,90 0,0% Aktiekurs uændret
SAINSBURY(J) ORD 28 4/7P 235,15 0,5% Stigning i aktiekurs
Tesco PLC 185,12 2,7% Stigning i aktiekurs

Køb- og salgsanbefalinger

  • Trend
  • Pengemaskinen

Relaterede selskaber
Få adgang til information og anbefalinger af relaterede selskaber med PLUS pakken.

Du får adgang til 7 værdifulde investorværktøjer til investering.

Klik her og læs mere om PLUS pakken.
Euroinvestor i andre lande: Euroinvestor.com | Euroinvestor.se | Euroinvestor.no | Euroinvestor.fr | Forexinvestor.com| Wisselkoersen.nl | Valuta.se | Valutaveksel.no | Divisas.es | Valute.it
Copyright Euroinvestor A/S 2014  Disclaimer Privatlivspolitik
Aktieinformation leveres af Interactive Data.
Data er forsinket 15-20 minutter iht. de enkelte børsers regler om videredistribution.
 
2. oktober 2014 06:24:43
(UTC+01:00) Brussels, Copenhagen, Madrid, Paris
Version: LiveBranchBuild_20141001.1 - EUROWEB7 - 2014-10-02 06:24:43 - 2014-10-02 06:24:43 - 1 - Website: OKAY

Når du besøger Euroinvestor.dk accepterer du, at der anvendes cookies, som vi og vores samarbejdspartnere benytter til funktionalitet, statistik og markedsføring. Læs mere om cookies på Euroinvestor.dk her

x