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 visits jump as shoppers look to Christmas

By Abigail Townsend

Date: Tuesday 16 Nov 2021

LONDON (ShareCast) - (Sharecast News) - The number of shoppers visiting supermarkets jumped last month, industry research published on Tuesday showed, as consumers got an early start on the festive season.
The latest total till data from NielsenIQ showed in-store visits increased 6.5% in the four weeks ending 6 November, equating to 28m more visits year-on-year. As a result, the online share of sales dipped to 12.2% from 12.6% in the previous four weeks.

Total sales fell 2.0% against the same period in 2020, when households were stocking up ahead of the second national lockdown. Compared to the same four weeks in 2019, sales rose 4.9%.

Average spend per visit increased for the first time since July, rising to £18.60.

Mike Watkins, head of retailer and business insight at NielsenIQ, said: "Shoppers are returning to stores and spending is expected to remain robust for the next six weeks, with Christmas advertising campaigns helping to boost the festive shopping momentum.

"Last year Christmas was effectively cancelled, so this year we can expect shoppers to be spending far more on festive food and drink."

NielsenIQ expects a total of £33bn will be spent across the major supermarkets in the fourth quarter.

Among individual grocers, Tesco's sales rose 0.4% year-on-year in the 12 weeks to 6 November, boosting its market share by 0.2 percentage points to 26.6%.

It was the only major that reported a rise in sales, however, with J Sainsbury's sales off 3.1%, Asda's down 2.4% and Wm Morrison Supermarkets' falling 4.7%.

Discounters Aldi and Lidl reported strong growth, with sales up 7.9% and 10.3% respectively, boosted by new store openings. Marks & Spencer saw its sales rise 9.1%, "indicating that shoppers are also looking for special treats and indulgences ahead of the festive season", NielsenIQ noted.

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