Birdwatch Note Rating
2024-03-12 15:13:00 UTC - SOMEWHAT_HELPFUL
Rated by Participant: 2A6059FD934BB833A62BF900506D16F22F48D1C433864F604BAECF39530C0B76
Participant Details
Original Note:
Sainsbury's made profit of £690m on sales of £31,491 million in the year to April 2023, reporting an underlying retail profit margin rate of 6.58%. https://www.about.sainsburys.co.uk/~/media/Files/S/Sainsburys/documents/reports-and-presentations/2023/annual-report-2023/annual-report-and-financial-statements-2023.pdf (p37) This is a typical profit margin for a large UK grocery retailer, per https://www.fitchratings.com/research/corporate-finance/uk-retail-margins-stabilising-despite-inflation-12-10-2023
All Note Details