Daily Retail and Luxury News (2 July 2026): Currys FY results, Kroger Giant Eagle acquisition, ASDA job cuts

研报英文原文证据摘录

Daily Retail and Luxury News (2 July 2026): Currys FY results, Kroger Giant Eagle acquisition, ASDA job cuts

ank PLC

and/or an affiliate.

Valuation Methodology: We use a DCF to value Sainsbury and derive a valuation of 355p per share. This assumes a terminal growth rate of 1.5%, a

terminal margin of 3.6% and a WACC of 7.9%.

Risks which May Impede the Achievement of the Barclays Research Valuation and Price Target: We believe the main downside risks to our price

target are as follows: If the UK grocery market additional signs of becoming more aggressive, this would be unhelpful for sentiment on the whole

space. Sainsbury is more geared into the non-food market following its purchase of Argos – if consumer spending comes under pressure, this could

have a particular effect on Sainsbury.

Disclaimer:

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(collectively and each individually, "Barclays").

It has been prepared for institutional investors and not for retail investors. It has been distributed by one or more Barclays affiliated legal entities listed

below or by an independent and non-affiliated third-party entity (as may be communicated to you by such third-party entity in its communications

with you). It is provided for information purposes only, and Barclays makes no express or implied warranties, and expressly disclaims all warranties of

merchantability or fitness for a particular purpose or use with respect to any data included in this publication. Barclays may provide research to certain

categories of recipients that do not use it for investment purposes, including public and private companies in covered industries, media organisations,