J Sainsbury Reports Fiscal 2019 Preliminary Results With Higher Cost Savings Driving Profit Beat
No-moat J Sainsbury reported preliminary results for the 52 weeks to Mar 9, with group sales (excluding VAT, including fuel) at GBP 29 billion (equal to our model's) and retail like-for-like sales growth (excluding fuel) at negative 0.2% (versus up 0.4% in our model). Retail underlying operating profit increased 7.8% at GBP 635 million versus GBP 622 million in our model, principally driven by cost savings ahead of guidance (GBP 220 million versus GBP 200 million guided). Management introduced n...J Sainsbury is principally engaged in food, general merchandise and clothing retailing and financial services. Co. is organized into four operating segments: Retail (Food), which provides a range of food, including organic produce; Retail (General Merchandise and Clothing), which provides a range of products across home, clothing, technology and leisure; Financial Services (Sainsbury's Bank plc and Argos Financial Services entities), which provides products such as credit cards, insurance, travel money and personal loans; and Property Investment (The British Land Company PLC and Land Securities Group PLC joint ventures). At Mar 11 2017, Co. had 605 supermarkets and 806 convenience stores.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.