Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

248.30p
   
  • Change Today:
    -4.80p
  • 52 Week High: 445.90p
  • 52 Week Low: 226.10p
  • Currency: UK Pounds
  • Shares Issued: 824.97m
  • Volume: 245,909
  • Market Cap: £2,048.40m

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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Ocado Group Market Data

Currency UK Pounds
Share Price 248.30p
Change Today -4.80p
% Change -1.90 %
52 Week High 445.90p
52 Week Low 226.10p
Volume 245,909
Shares Issued 824.97m
Market Cap £2,048.40m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
11.93% below the market average11.93% below the market average11.93% below the market average11.93% below the market average11.93% below the market average
16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average16.67% above the sector average
Price Trend
61.64% below the market average61.64% below the market average61.64% below the market average61.64% below the market average61.64% below the market average
69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average69.23% below the sector average
Income Not Available
Growth
40.46% below the market average40.46% below the market average40.46% below the market average40.46% below the market average40.46% below the market average
53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average53.85% below the sector average

What The Brokers Say

Strong Buy 5
Buy 1
Neutral 3
Sell 5
Strong Sell 0
Total 14
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 03-Jun-2025

Time Volume / Share Price
09:20 38 @ 248.60p
09:20 1,000 @ 248.34p
09:20 62 @ 248.50p
09:18 1 @ 248.70p
09:18 2,312 @ 248.30p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith

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