Tesco (TSCO)

Sector:

Food Pharmacy Retail

Index:

FTSE 100

388.00p
   
  • Change Today:
      5.50p
  • 52 Week High: 397.00p
  • 52 Week Low: 302.10p
  • Currency: UK Pounds
  • Shares Issued: 6,648m
  • Volume: 27,554,765
  • Market Cap: £25,796m
  • RiskGrade: 107
  • Beta: 0.01

UK food and drink sales surge over Christmas

By Abigail Townsend

Date: Tuesday 07 Jan 2025

LONDON (ShareCast) - (Sharecast News) - Household grocery spending hit a record high over Christmas, industry data showed on Tuesday, as shoppers snapped up festive food and drink.
According to retail consultancy Kantar, average household spending on take-home groceries was £460. Sales sparked 2.1% in the four weeks to 29 December.

There was strong demand for more expensive goods over the festive period, with sales of branded goods growing 4.2% and premium own-label by 14.6%.

Footfall also jumped in December, making it the busiest month for retailers since the pre-lockdown rush seen in March 2020.

However, grocery price inflation ticked higher, to 3.7%, the highest since last March. Prices rose fastest in chilled smoothies and juices, chocolate and skincare.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "It was a solid Christmas for the supermarkets, with sales surpassing £13bn during the four weeks of December for the first time ever, showing people were clearly in the mood to celebrate and spend.

"In contrast to reports of disappointing footfall across the rest of the high street, it was a very different story in the world of grocery."

Among individual retailers, sales at hard discounters Aldi and Lidl rose by 2.9% and 6.6% respectively in the 12 weeks to 29 December.

As a result, their respective market shares over the Christmas period reached 7.3% and 10%, their highest ever.

The only grocer to beat Lidl's sales growth was online-only Ocado, which saw sales grow 9.6%.

Sales at Tesco - the UK's biggest grocer - jumped 5%, giving it a market share of 28.5%. At J Sainsbury sales improved by 3.5% and by 2.1% at upmarket chain Waitrose.

But Asda and Morrisons fare less well. At Morrisons, sales ticked up just 0.4%, while at Asda they slid 5.8%.

At Marks & Spencer, which Kantar does not define as a pure play grocer, spending on food and drink rose by 8.7%.

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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 388.00p
Change Today 5.50p
% Change 1.44 %
52 Week High 397.00p
52 Week Low 302.10p
Volume 27,554,765
Shares Issued 6,648m
Market Cap £25,796m
Beta 0.01
RiskGrade 107

Tesco Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
59.23% below the market average59.23% below the market average59.23% below the market average59.23% below the market average59.23% below the market average
16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average16.67% below the sector average
Price Trend
72.85% above the market average72.85% above the market average72.85% above the market average72.85% above the market average72.85% above the market average
84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average84.62% above the sector average
Income
23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average23.56% above the market average
Sector averageSector averageSector averageSector averageSector average
Growth
23.92% above the market average23.92% above the market average23.92% above the market average23.92% above the market average23.92% 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

What The Brokers Say

Strong Buy 4
Buy 8
Neutral 2
Sell 1
Strong Sell 0
Total 15
buy
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Tesco Dividends

  Latest Previous
  Final Interim
Ex-Div 15-May-25 10-Oct-24
Paid 27-Jun-25 22-Nov-24
Amount 9.45p 4.25p

Trades for 30-May-2025

Time Volume / Share Price
16:37 43,280 @ 388.08p
16:37 21,640 @ 388.08p
17:06 100,000 @ 389.10p
16:26 15 @ 390.00p
16:26 16 @ 389.60p

Tesco Key Personnel

CEO Ken Murphy
CFO Imran Nawaz
Chair Gerard Murphy

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