What the analysts say: Does Sainsbury's LFL sales drop hint at future woe?
UK grocer Sainsbury's broke its nine-year streak of like-for-like sales growth this morning (18 March), when the firm acknowledged that market conditions and tough comparables hit revenue expansion in its fourth quarter. In contrast to the other multiples, Sainsbury's does not appear to be loosing share in the UK to discounters Aldi and Lidl. But, as price competition in the market intensifies, could Sainsbury's proposition too come under increasing pressure? Here is the City's verdict.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 16 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- The key questions for digital strategists in 2017
- Unilever 2016 investor day - the top takeaways
- Wessanen's move for Spain's Biogran - analysis
- Burger King, Jollibee: foodservice focus, Nov 2016
- Whole Foods, Aldi, M&S - retail round-up, Nov 2016
- General Mills jobs to go in business revamp
- Verlinvest, China Resources invest in Oatly
- B&G acquires pasta sauce group Victoria Fine Foods
- Tyson sets up US$150m investment fund
- Japan's Nagatanien buys Chaucer Food Group