Tesco and Ocado impress as Euros boost supermarket sales, inflation falls further
Boosted by booze and snacking for the Euros football viewers, UK supermarket sales picked up in the past month, while grocery inflation fell to its lowest since September 2021. Supermarket price inflation dropped to 1.8% for the 12-week period ending 7 July, new data from Kantar showed today, with prices falling fastest in toilet tissues, butter and dog food.
Tesco share price sits at a record high; but is it a good value?
UK retail stocks are doing well, with the biggest ones trading at a multi-year high. Tesco (LON: TSCO) share price soared to a record high of 316p on Friday, rising by almost 20% from its lowest point this year and 74% from its 2022 low.
Tesco employees to share £30m windfall from share scheme
Over 20,000 Tesco PLC (LSE:TSCO) workers will share £30 million from the supermarket's share schemes. Tesco stated that an employee who invested an average of £68 monthly over five years would see a profit of £2,560, resulting in a total return of £6,640 from their £4,080 investment.
Tesco: Euros And Olympics Should Accelerate Revenues
Tesco PLC maintains flat profit guidance for next year, focusing on sales funneling into Finest for positive mix effect and hoping for some sales acceleration. Revenue acceleration expected in coming quarters due to the Euros and Olympics, offsetting negative impact on gross profits from the minimum wage increase. They aren't pressing with pricing anymore, not more than 2%, as inflation in the UK abates despite wage increases.
Tesco staff to split £30 million pot in share scheme
Some 20,000 Tesco PLC (LSE:TSCO) workers are set to split a bonus of £30 million, using funds which have been generated through the supermarket's share scheme. An employee who has invested the typical £68 per month over the last five years is on track to receive £6,640 for their £4,080 investment, netting them a profit of £2,560.
Tesco and Sainsbury seeing pressure from improving Morrisons, says US bank
Tesco and Sainsbury are coming under pressure from a resurgent Morrisons, according to an analysis of the grocery sector's latest numbers by JP Morgan. Morrisons' improving shape is driven by better execution and self-help, says the US bank.
Tesco market share gains to continue, predicts analyst
Tesco PLC (LSE:TSCO) is expected to continue eating up market share as the supermarket sector enters a “normalised environment”, analysts at Citi believe. Shares in the country's largest supermarket lifted by more than 2% on Friday after its first-quarter results highlighted market share gains and volume growth.
Tesco shares pop as analysts praise 'exceptional' performance
Tesco PLC (LSE:TSCO) shares have jumped more than 2% on the back of its first-quarter results, making it one of the FTSE 100's top risers today. Markets welcomed the group's ability to post another quarter of market share gains, helped by rising volumes, a focus on value and better-than-expected sales growth in Ireland.
Tesco flexes market share and volume growth despite weaker wholesale business
Tesco PLC (LSE:TSCO) said it underwent a fourth consecutive quarter of market share gains in the first three months of the financial year, helped by growing volumes, despite mixed sales in the period. The country's largest supermarket increased its market share by 59 basis points to 27.6%, helped by growth in all its channels including food sales which rose by 5.1% year-on-year and was helped by "strong volume growth" in fresh food.
Britain's Tesco says 'well positioned' as market share grows
Tesco , Britain's biggest supermarket group, said it was "well positioned" for the balance of the year, as it reported a 4.6% rise in underlying quarterly sales in its home market and reiterated its guidance.
Tesco board faces heat over CEO's 10 mln pound pay package
The board of Tesco , Britain's biggest supermarket group, will be asked to justify chief executive Ken Murphy's near 10 million pounds ($13 million) pay package when it faces shareholders at its annual meeting on Friday.
Tesco share price rally has stalled but June 14th will be crucial
The Tesco (LON: TSCO) share price has continued to fire on all cylinders this year as its performance remained steady. It has jumped by over 11% this year, outperforming other British retailers like Marks and Spencer (MKS) and Sainsbury (SBRY).
