Sainsbury's, Tesco grow share again as supermarket inflation slows
Tesco PLC and J Sainsbury PLC both picked up market share last month as supermarket inflation slowed on demand for promotions, figures showed on Tuesday. According to Kantar, prices across UK supermarkets rose by 3.3% in January, against 3.7% a month earlier.
Tesco to axe 400 jobs as competition mounts
Tesco PLC has unveiled plans to cut 400 jobs as part of an efficiency drive as competition in the grocery sector mounts. Stretching from bakery, to phone shop, to head office positions, Tesco said the cuts would “simplify” its business.
Tesco, Sainsbury's to pass on all higher costs to shoppers to maintain profits, analysts predict
Last week the market wiped out £1.5 billion of the valuations for Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) due to worries that the industry will see profits squeezed amidst rising costs and changing interest rate expectations, but for investors JPMorgan sees "10 reasons to buy the dip". The bank noted that this penalisation was despite underlying increases in forecasts for the companies and both the pair's positive post-Christmas reports in the week as well as the current market dynamics.
J Sainsbury: Shares Look Cheap As Christmas Trading Comes In Strong (Rating Upgrade)
J Sainsbury has been a pretty soft performer since my last update, underperforming close peer Tesco by over 30 points in that time. The company appears to be executing well, gaining market share even as the traditional full-line grocers lose ground to discounters. Sainsbury is very much the number two player behind Tesco. Although its profitability is weaker, this is more than reflected in their respective valuations.
Tesco Shares Have Hit Their Shelf Life (Rating Downgrade)
Tesco shares have surged over 80% since October 2022 when grocery inflation peaked. Despite strong Q3 sales growth and market share gains, macroeconomic challenges like rising inflation, higher NIC, and MLW hikes could pressure Tesco's margins. Even with the most optimistic earnings projections given the macro outlook, we don't see meaningful upside for the stock that warrants a Buy case considering its current price.
TSCDY or WMT: Which Is the Better Value Stock Right Now?
Investors with an interest in Retail - Supermarkets stocks have likely encountered both Tesco PLC (TSCDY) and Walmart (WMT). But which of these two stocks is more attractive to value investors?
Tesco takes the long view as it resists the urge to upgrade, says broker
Tesco PLC (LSE:TSCO) chose not to raise its full-year profit and cash flow guidance despite delivering a strong Christmas trading period, a decision Shore Capital views as reflecting the retailer's focus on long-term investment rather than short-term upgrades. While group sales rose by 3.1% for the 19 weeks to January 4, CEO Ken Murphy emphasised the importance of maintaining value and quality for customers in a challenging consumer environment.
Tesco hails record Christmas after reaching highest market share since 2016
Tesco PLC (LSE:TSCO) said its full-year profit and cashflow targets remained unchanged after a record level of Christmas sales. Like-for-like sales swelled 3.8% for the UK's largest supermarket group, as demand grew in the six weeks to January in the UK, Ireland, Central Europe and for its Booker wholesale arm.
Tesco's bumper Christmas puts it ahead of UK rivals
Tesco , Britain's biggest supermarket group, kept its full-year profit outlook on Thursday as it reported a 4.1% rise in underlying UK sales for the key Christmas trading period, winning market share from rivals.
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).
