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Sainsbury's 3rd QTR Trading Statement

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idpickering
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Sainsbury's 3rd QTR Trading Statement

#192087

Postby idpickering » January 9th, 2019, 7:05 am

· Total retail sales down (0.4) per cent (excl. fuel) with like-for-like sales down (1.1) per cent (excl. fuel)

· Grocery sales grew 0.4 per cent with Groceries Online and Convenience up 6.0 per cent and 3.0 per cent respectively

· General Merchandise sales declined by (2.3) per cent and Clothing sales declined by (0.2) per cent



Mike Coupe, Group Chief Executive of J Sainsbury plc, said: "Christmas came late this year and I am pleased with the excellent service and availability that we gave customers across the Group. Sainsbury's stores were well set up to deal with customers doing their big Christmas shops later than usual and Convenience stores hit a new record on Christmas Eve. Argos Fast Track offers customers market-leading delivery and grew strongly in the quarter.


https://www.investegate.co.uk/sainsbury ... 00025601M/

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Re: Sainsbury's 3rd QTR Trading Statement

#192091

Postby Wizard » January 9th, 2019, 7:24 am

Not looked at anything other than extract above, but that doesn't sound very good compared to Morrisons.

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Re: Sainsbury's 3rd QTR Trading Statement

#192092

Postby idpickering » January 9th, 2019, 7:30 am

Wizard wrote:Not looked at anything other than extract above, but that doesn't sound very good compared to Morrisons.


It seems they missed the project sales by some way according to Bloomberg, so brace yourself anyone holding. I hold, but sold half my Sainsbury’s shares a few weeks ago to buy more income elsewhere.

Ian.

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Re: Sainsbury's 3rd QTR Trading Statement

#192098

Postby daveh » January 9th, 2019, 8:17 am

idpickering wrote:
Wizard wrote:Not looked at anything other than extract above, but that doesn't sound very good compared to Morrisons.


It seems they missed the project sales by some way according to Bloomberg, so brace yourself anyone holding. I hold, but sold half my Sainsbury’s shares a few weeks ago to buy more income elsewhere.

Ian.

I'm braced :D - up 0.53% at 08:14 - who knows what to expect with the market. Morrisons down yesterday on good sales and Sainsbury up (a little) on not so good sales. Go figure!

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Re: Sainsbury's 3rd QTR Trading Statement

#192102

Postby Arborbridge » January 9th, 2019, 8:47 am

Wizard wrote:Not looked at anything other than extract above, but that doesn't sound very good compared to Morrisons.


And yet as DaveH says, the market seems rather more sanguine about SBRY than MRW. SBRY holding up well, but MRW slumped.

I suggest it all comes down to how the results compare with the pre-results expectations.

Arb.

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Re: Sainsbury's 3rd QTR Trading Statement

#192104

Postby idpickering » January 9th, 2019, 8:49 am

daveh wrote:
idpickering wrote:
Wizard wrote:Not looked at anything other than extract above, but that doesn't sound very good compared to Morrisons.


It seems they missed the project sales by some way according to Bloomberg, so brace yourself anyone holding. I hold, but sold half my Sainsbury’s shares a few weeks ago to buy more income elsewhere.

Ian.

I'm braced :D - up 0.53% at 08:14 - who knows what to expect with the market. Morrisons down yesterday on good sales and Sainsbury up (a little) on not so good sales. Go figure!


Now down 0.6%! These miniature moves are not worth fretting about obviously. SBRY are still my retailor of choice, so will hold on, but am unlikely to top up. Even we use Lidl up here in Orkney! (There is a Tesco, but no Sainsbury's BTW).

Ian.

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Re: Sainsbury's 3rd QTR Trading Statement

#192106

Postby Dod101 » January 9th, 2019, 8:59 am

In their statement, Sainsbury said that Christmas came late this year. It came at the usual time, 25 December, as I can testify.

Dod

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Re: Sainsbury's 3rd QTR Trading Statement

#192109

Postby Wizard » January 9th, 2019, 9:16 am

idpickering wrote:Now down 0.6%! These miniature moves are not worth fretting about obviously. SBRY are still my retailor of choice, so will hold on, but am unlikely to top up. Even we use Lidl up here in Orkney! (There is a Tesco, but no Sainsbury's BTW).

Ian.

My bold.

One would hope so, having sold some a few weeks ago, otherwise people may suggest it is not Pickering, but rather Tr...... :lol:

Terry.

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Re: Sainsbury's 3rd QTR Trading Statement

#192111

Postby Arborbridge » January 9th, 2019, 9:19 am

Wizard wrote:
idpickering wrote:Now down 0.6%! These miniature moves are not worth fretting about obviously. SBRY are still my retailor of choice, so will hold on, but am unlikely to top up. Even we use Lidl up here in Orkney! (There is a Tesco, but no Sainsbury's BTW).

Ian.

My bold.

One would hope so, having sold some a few weeks ago, otherwise people may suggest it is not Pickering, but rather Tr...... :lol:

Terry.



I think one would be allowed to change one's mind, though, that would be rectifying a one-off mistake rather than the T word 8-)

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Re: Sainsbury's 3rd QTR Trading Statement

#192114

Postby daveh » January 9th, 2019, 9:22 am

idpickering wrote:
Now down 0.6%! These miniature moves are not worth fretting about obviously. SBRY are still my retailor of choice, so will hold on, but am unlikely to top up. Even we use Lidl up here in Orkney! (There is a Tesco, but no Sainsbury's BTW).

Ian.


I hold SBRY, TSCO and MKS in retail and I seem to be counting DC. as retail too, probably from when I bought it as Dixons. I should perhaps split them out between general and specialist retailers, but I'm not sure it makes much odds as the whole lot come to just 5.4% of my portfolio. Top up wise DC. is sitting first and MKS second in the HYPTUSS for my portfolio and MKS has been in the top 3 for a long time, but I've not yet been minded to top MKS up. I did reinvest some dividends in DC. and they then proceeded to cut their dividend. I think I'm with Dod101 on the retail sector, not worth risking. Too much completion and very thin margins. Looking how my retail shares have performed DC. is showing large loses, TSCO medium losses, Sainsbury small loses and MKS a small gain. Though even MKS is down on capital the gain is only because the capital loses is out weighed by dividends. Non have been good performers MKS is the best with an XIRR of ~2% pa.

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Re: Sainsbury's 3rd QTR Trading Statement

#192117

Postby Wizard » January 9th, 2019, 9:28 am

Arborbridge wrote:
Wizard wrote:
idpickering wrote:Now down 0.6%! These miniature moves are not worth fretting about obviously. SBRY are still my retailor of choice, so will hold on, but am unlikely to top up. Even we use Lidl up here in Orkney! (There is a Tesco, but no Sainsbury's BTW).

Ian.

My bold.

One would hope so, having sold some a few weeks ago, otherwise people may suggest it is not Pickering, but rather Tr...... :lol:

Terry.



I think one would be allowed to change one's mind, though, that would be rectifying a one-off mistake rather than the T word 8-)

I guess it would come down to how often one changes ones mind in this way ;) . But one of my New Year resolutions was to avoid debates about semantics on these boards (not good for my already very high blood pressure :? ), and my initial comment was intended to be light hearted.

Terry.

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Re: Sainsbury's 3rd QTR Trading Statement

#192119

Postby Arborbridge » January 9th, 2019, 9:31 am

Wizard wrote: and my initial comment was intended to be light hearted.

Terry.


I know - mine too. I'm 8-) with it.

Arb.

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Re: Sainsbury's 3rd QTR Trading Statement

#192125

Postby idpickering » January 9th, 2019, 9:57 am

Arborbridge wrote:
Wizard wrote: and my initial comment was intended to be light hearted.

Terry.


I know - mine too. I'm 8-) with it.

Arb.


And that's how I took it. As Arb mentioned, I'm not getting back into all the he said, she said stuff. That's not what this board is about. Getting back on topic though, Sainsbury's are up 1.8% as I type. Will this influence my thinking, as a HYPer, no. I shall continue to hold.

Ian.


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