WRAPUP UK's Next, Tesco and Sainsbury's are festive winners but sector slowdown looms
Britain's largest retailers including clothes group Next and supermarkets Tesco , Sainsbury's and Lidl were the big winners at Christmas, ahead of what is set to be a tough 2025 marked by spending restraint and tax rises.
Tesco and Sainsbury's are UK Christmas winners, says Kantar
Britain's biggest supermarket group Tesco and No. 2 Sainsbury's were the winners among British food retailers at Christmas, posting sales growth of 5% and 3.5% respectively, according to industry data published on Tuesday.
Next, M&S, Tesco, Sainsbury's updates mark key week for retailers' Christmases
Investors will not have long to wait to hear how retailers fared over the vital Christmas trading period as a string of retailers line up to offer updates this week. Next PLC (LSE:NXT), Marks and Spencer Group PLC (LSE:MKS), Tesco PLC (LSE:TSCO), J Sainsbury PLC (LSE:SBRY) and B&M European Value Retail SA (LSE:BME) are all due to report over the coming days, alongside other industry players Hilton Foods Group PLC and Greggs PLC (LSE:GRG).
Tesco update to clarify on discounter threat over vital Christmas
Tesco PLC (LSE:TSCO) will be looking to solidify its dominance over the grocery market in a third-quarter vital Christmas period update next Thursday, January 9. Early signals from discounters Lidl and Aldi have pointed to solid festive trading for grocery retailers so far, with each flagging 3.4% and 7.0% sales growth for December respectively.
Is Tesco (TSCDY) Stock Undervalued Right Now?
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
All You Need to Know About Tesco (TSCDY) Rating Upgrade to Buy
Tesco (TSCDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
TSCDY or WMMVY: Which Is the Better Value Stock Right Now?
Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Wal-Mart de Mexico SAB de CV (WMMVY). But which of these two companies is the best option for those looking for undervalued stocks?
Tesco's spot of housekeeping highlights strong balance sheet - analyst
A spot of financial housekeeping over at Tesco PLC (LSE:TSCO) serves to highlight Britain's biggest grocery chain's “strong asset backed balance sheet, low non-lease indebtedness and strong cash flows from operations”, said Shore Capital Markets' retail expert Clive Black. The housekeeping at hand is Tesco's repurchase and cancellation of €38 million in bonds issued in 2007.
Tesco and Sainsbury's tighten grip on UK grocery market
Tesco PLC (LSE:TSCO) has notched up its achieved its highest grocery market share since December 2017 according to the latest supermarket trends survey from market researcher Kantar. Britain's largest grocer grew its share to 28.1%, up from 27.4% a year ago as sales grew by 5.2% in the 12 weeks to 1 December 2024.
Tesco Shares Are Worth Adding To Your Basket
Tesco shares have surged 25% this year, outperforming the FTSE 100 and nearing the S&P 500's performance. The latest results crushed expectations with decent operating profit growth with expanding margins, although a hint of caution ought to be noted with labor cost pressures. The company's dominant UK market position is strengthening further, with it widening the lead against its nearest competitor, Sainsbury's.
Tesco, Sainsbury's boosted on JP Morgan double upgrades
Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) each moved higher on Thursday following double upgrades by JP Morgan brokers. Both were lifted from ‘underweight' to ‘overweight' by the bank in a note, which highlighted upside in the UK's food retail sector.
Tesco, Sainsbury's climb as loyalty card savings found to be 'genuine'
Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) ticked up on Wednesday after the UK's competition watchdog said loyalty card schemes offered “genuine” savings. A Competition and Markets Authority (CMA) found there was “very little evidence” of supermarkets inflating prices to make loyalty promotions seem more attractive.
