Sainsbury's Q3 Trading update



We have Sainsbury's adding to the positive updates from the UK grocery sector this morning. The company upgrading its full year profit expectations on stronger sales and margins.


  • Total Retail Sales up 9.3% over the shorter Christmas period,

  • Online grocery sales up 128%,

  • Orders per van increasing 56% and picking rates up 14%, should improve the profitability of the online service,

  • 90% of Argos Sales were online in the peak quarter. Argos click and collect, increasingly collected within a Sainsbury's store, up 235%.


The company's illustration of their online growth relative to Ocado demonstrates the capacity of the operators with physical store networks to leverage these, to meet increased demand. Owning these omnichannel stores is the core investment strategy of Supermarket Income REIT.


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Telephone: +44 20 3790 8087,  Email: ir@atratocapital.com

ABOUT

Supermarket Income REIT plc is listed on the London Stock Exchange. SUPR acquires UK supermarket sites that form a key part of the future model of grocery in the United Kingdom. SUPR aims to provide long-term inflation-linked income, from institutional grade tenants and the potential for capital growth through active asset management. Atrato Capital is the Company's Investment Adviser.

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Supermarket Income REIT Plc is a proud member of the Association of Investment Companies implementing the principles and recommendations of the AIC’s Code of Corporate Governance.

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