We use cookies to improve site performance and enhance your user experience. If you'd like to disable cookies on this device, please see our cookie management page.
If you close this message or continue to use this site, you consent to our use of cookies on this devise in accordance with our cookie policy, unless you disable them.

Close

registration required

or
for more website access

This content can only be viewed by subscribers and registered users of Investors Chronicle.

Subscribe or register free today

Supermarkets in bargain bin

After a year of slowing sales and profit warnings, the UK's three big supermarket groups - Sainsbury (SBRY), Tesco (TSCO) and Morrison (MRW) - are likely to be glad to see the back of 2012. But 2013 is expected to bring little respite from the sector's long list of woes, which include a consumer spending malaise, food price inflation, rising operating costs, cut-throat competition and increased regulation. However, with PE ratios near 10-year lows and dividend yields flirting with 10-year highs (see table), the pain may already be in the price.

registration required

visible-status-Standard story-url-feat_sectorfocus_171212.xml

By Julia Bradshaw,
18 December 2012

Print this article
Comments

Related Companies

Register today and get...

Register today and get...
Please note terms & conditions apply