Ocado Group (OCDO)

Sector:

Food Pharmacy Retail

Index:

FTSE 250

311.00p
   
  • Change Today:
      32.00p
  • 52 Week High: 445.90p
  • 52 Week Low: 226.10p
  • Currency: UK Pounds
  • Shares Issued: 825.86m
  • Volume: 9,736,982
  • Market Cap: £2,568.41m

UK shoppers splurge on festive food and drink - NIQ

By Abigail Townsend

Date: Wednesday 08 Jan 2025

LONDON (ShareCast) - (Sharecast News) - UK consumers splashed out a record £14.6bn on food and drink in the run-up to Christmas, industry research showed on Wednesday.

According to consumer research firm NIQ, overall total till sales growth was 3.2% in the four weeks to 28 December.

That was down on November's growth of 3.7%. However, after a slow start to the month food sales rallied, boosted by discounts and increased promotional activity.

The timing of Christmas Eve further helped, with Monday 23 December the peak shopping day, NIQ noted.

Mike Watkins, UK head of retailer and business insight at NIQ, said: "In the last four weeks we've seen the highest levels of promotions in the last three years, with 27% of all fast-moving consumer goods sales being purchased on promotion.

"This has not doubt helped to boost purchasing over the Christmas period."

Among individual retailers, online only grocer Ocado was the fastest growing retailer over the four weeks, despite the popularity of in-person shopping, with sales soaring 13.9%.

Hard discounters Aldi and Lidl also fared well, with sales growth of 4.4% and 8.5% respectively.

Tesco, the UK's biggest grocer, reported a 4.5% uplift in sales while J Sainsbury saw a 3.1% improvement. Asda continued to struggle, however, with sales falling 4.2%.

Across the sector, in-store sales rose by 3.6% while in-store visits increased 8%.

Watkins said: "Overall it was a good Christmas for most food retailers.

"The topline growth was helped by the return of low inflation but also by shoppers being including to buy more in the final week leading up to Christmas Eve.

"However, shoppers still had to spend this year on household bills before buying Christmas indulgences, and this may have taken the edge of the growth in some categories."

On Tuesday, retail consultancy Kantar said sales had risen 2.1% in the four weeks to 29 December, with the average household spending on take-home groceries reaching £460.

Ocado was also Kantar's big winner, with sales up 9.6%.

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Ocado Group Market Data

Currency UK Pounds
Share Price 311.00p
Change Today 32.00p
% Change 11.47 %
52 Week High 445.90p
52 Week Low 226.10p
Volume 9,736,982
Shares Issued 825.86m
Market Cap £2,568.41m

Ocado Group Star Ratings

Compare performance with the sector and the market.
more star ratings
Key: vs Market vs Sector
Value
15.41% below the market average15.41% below the market average15.41% below the market average15.41% below the market average15.41% below 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
Price Trend
58.19% below the market average58.19% below the market average58.19% below the market average58.19% below the market average58.19% 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
Income Not Available
Growth
40.14% below the market average40.14% below the market average40.14% below the market average40.14% below the market average40.14% 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 18-Jul-2025

Time Volume / Share Price
15:11 6 @ 307.60p
15:12 180 @ 308.10p
15:05 120 @ 309.00p
15:02 2 @ 309.00p
14:56 5 @ 309.40p

Ocado Group Key Personnel

CEO Tim Steiner
CFO Stephen Daintith

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