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Birdwatch Note Rating

2024-03-14 13:26:15 UTC - NOT_HELPFUL

Rated by Participant: C384D7438492FC49E0F5D2E77190B8A181EF9E306ED9E0ADCCCBB171925492C8
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

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All Information

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