Marks & Spencer Group (MKS)

Sector:

Retailers

Index:

FTSE 250

139.25p
   
  • Change Today:
      0.40p
  • 52 Week High: 256.60
  • 52 Week Low: 129.50
  • Currency: UK Pounds
  • Shares Issued: 1,964.03m
  • Volume: 384,417
  • Market Cap: £2,734.91m
  • RiskGrade: 211

Grocery volumes ease as shoppers look to manage spending

By Abigail Townsend

Date: Tuesday 28 Jun 2022

LONDON (ShareCast) - (Sharecast News) - Grocery volumes eased in June, industry data showed on Tuesday, as soaring inflation and the rising cost of living weighed heavily.
According to the latest data from NielsenIQ, total till grocery sales at UK supermarkets rose 1.5% in the four weeks to 18 June, helped in part by the warm weather and Platinum Jubilee celebrations.

Volumes sales, however, fell 5.5% in the same period, as shoppers looked to manage their basket spend. The data also suggested that shoppers were seeking out cheaper alternatives, with sales of frozen poultry up 12%, dry pasta ahead 31% and canned meat up 9%.

In contrast, sales of beers, wine and spirits fell 9.7%, while general merchandise eased 6.1% as discretionary spending was reduced.

Mike Watkins, NielsenIQ's UK head of retailer and business insight, said: "Shoppers are starting to make different choices in how to compensate for the rising cost of living. For some households the way to save money is to buy cheaper products.

"For one in four households, this goes further and includes monitoring the overall cost of their shopping basket. For the 15% of households who now consider themselves to be 'strugglers', almost a quarter of this cohort will stop buying certain products altogether."

Among individual grocers, Tesco - the UK's largest supermarket - saw sales rise 0.4% year-on-year in the 12 weeks to 18 June. Discounters Aldi and Lidl reported larger hikes of 5.3% and 12.1% respectively, while at Iceland sales rose 1.3%.

Marks & Spencer, boosted by the Jubilee celebrations, reported a 3.6% jump.

Other supermarkets reported falls, however. Sales fell 2.4% at Asda, 2.3% at J Sainsbury and 6.3% at Wm Morrison. Ocado Group reported a 6.4% decline, with overall online sales down 12% in the last four weeks.

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Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

Note 2: RiskGrade figures are provided by RiskMetrics.

 

Marks and spencer Market Data

Currency UK Pounds
Share Price 139.25p
Change Today 0.40p
% Change 0.29 %
52 Week High 256.60
52 Week Low 129.50
Volume 384,417
Shares Issued 1,964.03m
Market Cap £2,734.91m
RiskGrade 211

Marks and spencer Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
70.41% above the market average70.41% above the market average70.41% above the market average70.41% above the market average70.41% above the market average
60.87% above the sector average60.87% above the sector average60.87% above the sector average60.87% above the sector average60.87% above the sector average
Price Trend
9.81% above the market average9.81% above the market average9.81% above the market average9.81% above the market average9.81% above the market average
42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average42.86% above the sector average
Income
42.17% above the market average42.17% above the market average42.17% above the market average42.17% above the market average42.17% above the market average
38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average38.46% above the sector average
Growth
53.66% above the market average53.66% above the market average53.66% above the market average53.66% above the market average53.66% above the market average
46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average46.94% above the sector average

What The Brokers Say

Strong Buy 6
Buy 2
Neutral 8
Sell 1
Strong Sell 3
Total 20
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Marks and spencer Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 30-May-19
Paid 10-Jan-20 12-Jul-19
Amount 3.90p 7.10p

Trades for 09-Aug-2022

Time Volume / Share Price
11:03 680 @ 139.25p
11:03 1,031 @ 139.25p
11:03 5,214 @ 139.05p
11:02 481 @ 139.15p
11:01 1,500 @ 139.10p

Marks and spencer Key Personnel

Chair Archie Norman
CFO Eoin Tonge
CEO Stuart Machin

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