Ten years of growth in profits has come to a halt at Britains sometime number two supermarket. Sales are holding up but only because Sainsburys (LSE: SBRY) is adding spaces and cutting prices to maintain market share. Profits have slumped, and itsproperty portfolio isnt worth as much as wethought, either.
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Owain Bennallack has no position in any shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. We Fools don’t all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors.
