Birdwatch Note Rating
2024-03-12 14:32:27 UTC - NOT_HELPFUL
Rated by Participant: CC50A83680960625CD262630FFFD18CD16C53791D9CF7320F9CFC5AEA39C343F
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