Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Sainsbury's Reveals Buoyant Christmas Sales

Don't let it get away!

Keep track of the stocks that matter to you.

Help yourself with the Fool's FREE and easy new watchlist service today.

LONDON -- The shares of J Sainsbury  (LSE: SBRY  ) (NASDAQOTH: JSAIY) dipped 2 pence to 337 pence during early London trading this morning after the supermarket issued its Christmas trading statement.

Sainsbury's declared the week before Christmas had seen the company's strongest trading ever, with customer transactions exceeding 27 million.

The festive performance helped the retailer lift total turnover by 3.9% during the 14 weeks to Jan. 5.

The FTSE 100 member said like-for-like sales had improved by 1.5% during the same period, which extended the group's run of consecutive quarters of like-for-like growth to 32.

However, the 1.5% like-for-like figure was less than the 1.7% the supermarket recorded during the preceding six months.

Justin King, the chief executive of Sainsbury's, said: "This Christmas we have helped more customers than ever to Live Well for Less, delivering another quarter of good sales in a challenging retail environment, increasing market share. Like-for-like sales excluding fuel were up 0.9 per cent, which was on top of a very strong Christmas last year, giving a two-year like-for-like growth figure of 2.9 per cent."

King added that particular best-sellers included clothing, up 10%, crockery, up 15%, and toasters, up 24%.

Before today, City experts were expecting the retailer's current-year earnings to increase by about 5% to almost 30 pence per share and the dividend to be lifted by a penny to 17.1 pence per share. Those projections place the shares on a P/E of 11 and yield of 5.1%.

Of course, whether today's Christmas update, that share-price valuation and the general outlook for the supermarket sector make Sainsbury's a "buy" remains your decision.

But if Sainsbury's is your type of stock, this special free report may be just what you need to help you invest this year. You see, the report covers the defensive sectors the City's best-known income investor -- Neil Woodford -- is relying on for 2013.

To learn more about the large-cap names Neil Woodford favors this year -- and to discover the investing logic behind his selections -- just click here.

Read/Post Comments (1) | Recommend This Article (0)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On January 10, 2013, at 12:14 PM, popsranola wrote:

    Sainsbury and Tesco are the two winner this Christmas..........Nice to take Sainsbury on weakness before it will rally........Good to have both in porfolio...............Tesco a Buy and Sainsbury buy........

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2188293, ~/Articles/ArticleHandler.aspx, 10/28/2016 2:23:12 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,108.87 -60.81 -0.33%
S&P 500 2,122.07 -10.97 -0.51%
NASD 5,183.32 -32.65 -0.63%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

10/28/2016 12:10 PM
SBRY $252.81 Up +8.81 +3.61%
Sainsbury (J) CAPS Rating: No stars