Sainsbury‘s: Let‘s hope it‘s coming home

研报英文原文证据摘录

Sainsbury‘s: Let‘s hope it‘s coming home

William Woods +44 20 7676 6806 william.woods@bernsteinsg.com 1 July 2026

www.bernsteinresearch.com.

The securities described herein may not be eligible for sale in all jurisdictions or to certain categories of investors where that

permission profile is not consistent with the licenses held by the entities noted herein. This document is for distribution only as may

be permitted by law. This publication is not directed to, or intended for distribution to or use by, any person or entity who is a citizen

or resident of, or located in any locality, state, country or other jurisdiction where such distribution, publication, availability or use

would be contrary to law or regulation or which would subject any of the entities referenced herein or any of their subsidiaries

or affiliates to any registration or licensing requirement within such jurisdiction. This publication is based upon public sources

we believe to be reliable, but no representation is made by us that the publication is accurate or complete. We do not undertake

to advise you of any change in the reported information or in the opinions herein. This publication was prepared and issued by

entity referred to herein for distribution to eligible counterparties or professional clients. This publication is not an offer to buy

or sell any security, and it does not constitute investment, legal or tax advice. The investments referred to herein may not be

suitable for you. Investors must make their own investment decisions in consultation with their professional advisors in light of

their specific circumstances. The value of investments may fluctuate, and investments that are denominated in foreign currencies

may fluctuate in value as a result of exposure to exchange rate movements.