Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

311.70p
   
  • Change Today:
      1.50p
  • 52 Week High: 313.17
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 10,747,941
  • Market Cap: £21,940m
  • RiskGrade: 107

Supermarket shoppers return to stores as lockdown eases

By Sean Farrell

Date: Wednesday 05 May 2021

LONDON (ShareCast) - (Sharecast News) - Online grocery sales growth slowed in April as increasingly confident shoppers started returning to stores following the easing of lockdown restrictions, a survey showed.
Growth in online sales eased to 25% in the four weeks to 24 April from 92% a month earlier, NielsenIQ data revealed. Visits to physical stores rose 3% - the first increase for a year - compared with a drop of 19% in March.

In-store visits rose but average spend declined, leaving physical sales flat at £8bn. Total UK supermarket sales rose 4.6% despite the partial reopening of hospitality, which would be expected to eat into food and drink sales for home consumption.

Categories that suffered during lockdowns recovered in April including health and beauty items, whose sales rose 27%, deli items, up 28% and bakery products, up 15.5%. Recent surveys have shown consumer confidence rising rapidly as vaccines are administered and restrictions ease.

In the past 12 weeks Lidl, up 18%, and Aldi, up 10%, had the fastest growth. Asda was the best performer of the big four grocers, up 4.6%, followed by Sainsbury's where sales rose 3.9%. Marks & Spencer sales rose 3.9% as non-essential retail reopened and people bought more food on the go. Tesco's share declined to 26.4% from 26.9%.

Mike Watkins, NielsenIQ's UK head of retailer and business insight, said: "As lockdown restrictions ease across the UK, it is clear that shopper behaviours have changed once again with growing confidence and growing numbers returning to stores.

"With rules set to relax further within the next few weeks, consumer lifestyles will begin to adapt and it's likely that we'll see another change in grocery spend as cafes, pubs and restaurants fully reopen."

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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.

 

Tesco Market Data

Currency UK Pounds
Share Price 311.70p
Change Today 1.50p
% Change 0.48 %
52 Week High 313.17
52 Week Low 245.40
Volume 10,747,941
Shares Issued 7,039m
Market Cap £21,940m
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
55.01% below the market average55.01% below the market average55.01% below the market average55.01% below the market average55.01% below the market average
7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average7.69% below the sector average
Price Trend
56.44% above the market average56.44% above the market average56.44% above the market average56.44% above the market average56.44% above the market average
53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average53.85% above the sector average
Income
37.77% above the market average37.77% above the market average37.77% above the market average37.77% above the market average37.77% above the market average
55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average55.56% above the sector average
Growth
29.58% above the market average29.58% above the market average29.58% above the market average29.58% above the market average29.58% above the market average
69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average69.23% above the sector average

What The Brokers Say

Strong Buy 5
Buy 7
Neutral 1
Sell 0
Strong Sell 0
Total 13
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Tesco Dividends

  Latest Previous
  Final Interim
Ex-Div 16-May-24 12-Oct-23
Paid 28-Jun-24 24-Nov-23
Amount 8.25p 3.85p

Trades for 10-May-2024

Time Volume / Share Price
16:35 5,848,281 @ 311.70p
16:35 11 @ 311.70p
16:35 8,646 @ 311.70p
16:35 8,657 @ 311.70p
16:35 8,655 @ 311.70p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

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