Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

347.20p
   
  • Change Today:
    -2.80p
  • 52 Week High: 976.40
  • 52 Week Low: 340.00
  • Currency: UK Pounds
  • Shares Issued: 829.94m
  • Volume: 2,980,090
  • Market Cap: £2,881.56m

Asda and Aldi overtake supermarket rivals - Kantar

By Oliver Haill

Date: Tuesday 02 Apr 2019

LONDON (ShareCast) - (Sharecast News) - Asda moved up to become the second largest supermarket in Britain in recent weeks, while discounter Aldi overtook Morrisons in terms of shopper numbers.
Wall-Mart owned Asda\'s sales grew 0.1% in the 12 weeks to 24 March compared to the equivalent period last year and it grabbed a market share of 15.4%, according to data compiled by Kantar.

Kantar said Asda\'s performance has been fuelled by attracting a greater number of affluent households and shoppers making more regular trips.

This saw it overtake Sainsbury\'s 15.3% market share as its total till roll shrank 1.8% year on year. Hoping to persuade competition authorities to allow their merger, Sainsbury\'s and Asda last month offered to sell up to 150 supermarkets, plus a number of convenience stores and petrol stations, to another grocery rival or a new entrant.

The only other major grocer to struggle in recent weeks was Morrisons, where sales fell 0.1% giving it a market share of 10.3%.

German-owned discounter Aldi welcomes 13m households to its stores in the past 12 weeks, which was more than at Morrisons. Aldi achieved a record market share of 8.0% but remained in fifth place in terms of spending, as while it had more households shopping at its stores, these were smaller and/or cheaper shops.

Fellow discounter Lidl was the second fastest growing supermarket, with sales growth accelerating to 5.8% thanks to strong growth was seen in bakery goods, frozen foods and biscuits. Lidl\'s market share grew 5.6% from 5.3% a year ago.

Among the \'big four\' supermarkets, Tesco enjoyed the strongest growth, up 0.5% but still saw its market share shrink to 27.4% from 27.6% a year ago due to the rise of the discounters.

Fraser McKevitt, consumer head of retail and consumer insight at Kantar, pointed out that the number of sales Tesco completed through a deal increased to 40.1%, which was notable at a time when the level of promotion across the grocery market has fallen to less than 31%, the lowest in a decade.

The overall grocery market saw sales growth of 1.4% during the 12-week period.

Ocado\'s market share reached a new high of 1.3% after growth of 5.5% in the period.

Said McKevitt: \"As both Ocado and Co-op have announced new West London-based rapid delivery systems in the past month, it\'s clear they are eyeing up the £46bn market of less than £30 top-up shops - of which only a fraction are currently home delivered. However, it remains to be seen if this can be successfully rolled out beyond these initial small areas.\"

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Ocado Group Market Data

Currency UK Pounds
Share Price 347.20p
Change Today -2.80p
% Change -0.80 %
52 Week High 976.40
52 Week Low 340.00
Volume 2,980,090
Shares Issued 829.94m
Market Cap £2,881.56m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
17.36% below the market average17.36% below the market average17.36% below the market average17.36% below the market average17.36% below the market average
23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average23.08% below the sector average
Price Trend
73.07% below the market average73.07% below the market average73.07% below the market average73.07% below the market average73.07% below the market average
100% below the sector average100% below the sector average100% below the sector average100% below the sector average100% below the sector average
Income Not Available
Growth
17.87% below the market average17.87% below the market average17.87% below the market average17.87% below the market average17.87% below the market average
7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average7.69% above the sector average

What The Brokers Say

Strong Buy 6
Buy 0
Neutral 4
Sell 5
Strong Sell 0
Total 15
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 19-Apr-2024

Time Volume / Share Price
16:43 460,000 @ 345.63p
16:35 277 @ 347.20p
16:35 2,311 @ 347.20p
16:35 2,111 @ 347.20p
16:35 77 @ 347.20p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith
Chair Richard N (Rick) Haythornthwaite

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