Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

296.60p
   
  • Change Today:
    -1.60p
  • 52 Week High: 303.50
  • 52 Week Low: 245.40
  • Currency: UK Pounds
  • Shares Issued: 7,039m
  • Volume: 13,716,395
  • Market Cap: £20,878m
  • RiskGrade: 107

Supermarket prices rise as cost of living mounts

By Abigail Townsend

Date: Tuesday 01 Feb 2022

LONDON (ShareCast) - (Sharecast News) - Grocery inflation hit 3.8% in December, industry data showed on Tuesday, as the cost of living continued to mount.
According to retail consultancy Kantar, the latest four-week grocery price inflation now stands at 3.8%, a 0.3 percentage point rise from December.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "Prices are rising on many fronts and the weekly shop is no exception. Like-for-like grocery price inflation, which assumes that shoppers buy exactly the same products this year as they did last year, increased again this month.

"Taken over the course of a 12-month period, this 3.8% rise in prices could add an extra £180 to the average household's annual grocery bills."

McKevitt added that shoppers were now likely to start seeking out cheaper products and promotions. "Supermarkets that can offer the best value stand to win the biggest slice of spend," he noted.

Kantar said there had been a 3.8% fall in supermarket sales over the 12 weeks to 23 January, reflecting tough comparisons with January 2021, when the country was in lockdown. Spending remains 8% higher compared to the pre-pandemic period.

Online sales - which jumped during the first lockdown of 2021 - were down 15% year-on-year. However, digital orders now account for 12.5% of all grocery spend, almost double the pre-pandemic proportion.

McKevitt said: "Increasing confidence about heading out and about, combined with the return to the office, means we're starting to see pre-pandemic shopper patterns once again.

"Basket sizes are now 10% smaller than this time last year, hitting their lowest level since the beginning of the ;pandemic, while footfall increased by 5% as every major retailer was busier in their stores."

Among individual retailers, only three recorded year-on-year growth, although every grocer saw year-on-two-year growth.

Discounters Aldi and Lidl both saw sales grow, ahead 1.1% and 1.2% respectively, while Ocado reported a 2.3% jump.

In contrast, Tesco saw sales ease 1.9%, J Sainsbury was down 4.8%, Asda was off 5.3% and Wm Morrisons saw a 8.5% decline. Waitrose, part of the John Lewis Partnership, was down 1.8%.

Tesco and Waitrose both increased market share, however. Tesco's moved up to 27.9% from 27.3%, while Waitrose saw the greatest footfall of any supermarket, with its share of the market edging up 0.1 percentage point to 5.1%.

In contrast, Sainsbury's had a 15.6% share, Asda 14.4% and Morrisons 9.9%.

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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 296.60p
Change Today -1.60p
% Change -0.54 %
52 Week High 303.50
52 Week Low 245.40
Volume 13,716,395
Shares Issued 7,039m
Market Cap £20,878m
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
47.22% above the market average47.22% above the market average47.22% above the market average47.22% above the market average47.22% 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
Price Trend
67.20% above the market average67.20% above the market average67.20% above the market average67.20% above the market average67.20% 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
Income
24.59% above the market average24.59% above the market average24.59% above the market average24.59% above the market average24.59% above the market average
33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average33.33% above the sector average
Growth
20.77% below the market average20.77% below the market average20.77% below the market average20.77% below the market average20.77% below the market average
23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average23.08% above the sector average

What The Brokers Say

Strong Buy 4
Buy 7
Neutral 2
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
  Interim Final
Ex-Div 12-Oct-23 11-May-23
Paid 24-Nov-23 23-Jun-23
Amount 3.85p 7.05p

Trades for 28-Mar-2024

Time Volume / Share Price
17:19 12,578 @ 297.90p
17:19 11,378 @ 297.76p
16:35 8,325 @ 296.60p
16:35 22,969 @ 296.60p
16:35 9,884,236 @ 296.60p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

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