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

UK grocery sales fall as fuel crisis keeps shoppers at home

By Abigail Townsend

Date: Tuesday 12 Oct 2021

LONDON (ShareCast) - (Sharecast News) - UK grocery sales were curtailed by the fuel crisis last month, industry data showed, while inflationary pressures continued to mount.
According to research by consultancy Kantar, take-home grocery sales fell by 1.2% in the 12 weeks to 3 October, with the average household making 15.5 visits to supermarkets in the past four weeks. That is the lowest monthly figure since February, when the country was in lockdown.

Kantar said that on Friday 24 September, visits to petrol stations soared 66% as drivers tried to top up ahead of the weekend.

"The reduced availability of petrol saw shoppers limit the number of trips they made to supermarkets," confirmed Fraser McKevitt, head of retail and consumer insight at Kantar.

But while sales fell, prices rose. Grocery inflation was 0.9% in the 12 weeks to 3 October, with prices rising fastest in savoury snacks and cat food, and falling in fresh bacon, vegetables and dog treats.

In the last four weeks prices, were up 1.7% year-on-year.

McKevitt said: "In real-world terms, the average household had to spend an extra £5.94 on groceries last month than they did at the same time last year. The typical household spends £4,726 per year in the supermarkets, so any future price rises will quickly add up."

Among individual grocers, Tesco was the only big name to report sales growth, up 1.2% in the 12-week period. That helped nudge its market share up to 27.5%, the highest since February 2019.

In contrast, J Sainsbury's reported a 1.5% decline in sales, while Asda's sales fell 1.7% and Wm Morrison Supermarkets' were 4.0% lower. Sales at Waitrose, which is part of the John Lewis Partnership, were flat.

Online, and overall penetration edged up to 12.4% in September from to 12.2%, reversing a seven-month run of falls.

Ocado reported a 5.9% slide in sales in the 12-week period, although the group still has the highest two-year increase of any retailer, with sales up 35.9%.

Email this article to a friend

or share it with one of these popular networks:


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

Top of Page