|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's range||10.04 - 10.26|
|52-week range||9.81 - 18.68|
|Beta (5Y monthly)||0.29|
|PE ratio (TTM)||7.35|
|Forward dividend & yield||0.66 (6.48%)|
|Ex-dividend date||09 June 2022|
|1y target est||11.18|
The supermarket’s generally laudable position on ‘colleague’ pay glosses over the lowest-paid workers
Sales at UK supermarket chain J Sainsbury fell over the past quarter as the squeeze on household incomes intensified and customers cut back particularly on big-ticket items such as technology and furniture at its Argos chain. Same-store sales, excluding fuel, were down 4 per cent in the 16 weeks to June 25 compared with the same period a year ago. Analysts had expected, on average, a decline of more than 5 per cent, and Sainsbury’s share price was 1.6 per cent higher in morning trade on Tuesday.
UK’s second biggest supermarket says it will invest £500m to keep prices low.