JSNSF - J Sainsbury: A Decent Strategy But Uncertain Profit Growth And High Valuation
2024-06-12 23:02:36 ET
Summary
- J Sainsbury continues to expand its digital and non-supermarket footprint.
- Despite a solid business strategy, inconsistent results and high valuation lead me to maintain a "sell" rating.
- Slimming down financial services and focus on quality food have helped performance, but high P/E ratio and uncertain profit growth remain concerns.
U.K. retailer J Sainsbury ( JSAIY )(JSNSF) continues to run a solid supermarket business as well as growing its digital and non-supermarket footprint (a strategy I outlined in J Sainsbury: A Growing E-Commerce Story )....
J Sainsbury: A Decent Strategy, But Uncertain Profit Growth And High Valuation