PHILIP DORGAN | PANMURE GORDON
A continued strong performance from Sainsbury... we believe that it continues to be underestimated by the market. True, its reported sales growth period is longer than for Morrison... but we believe that it had a good Christmas.
KEITH BOWMAN | HARGREAVES LANSDOWN
In all, Sainsbury has again surprised on the upside. Unlike some rivals, the group appears to be firing on all cylinders, with the dividend payment attractive and prospects for an eventual takeover still present in the background.
CLIVE BLACK | SHORE CAPITAL
Against a challenging market backdrop we deem Sainsbury’s performance excellent although we should add that 2.1 per cent like-for-like sales is not stellar, at the low end of management’s ongoing target and within our expected range.