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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Wm Morrison Supermarkets PLC    MRW   GB0006043169

WM MORRISON SUPERMARKETS PLC

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Morrisons lags as big UK supermarkets lose ground to discounters - Kantar

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11/12/2019 | 03:50am EDT
Logos of retailers Lidl and Aldi Suisse are seen in Schaenis

Britain's big four supermarket groups lost market share to German-owned discounters Aldi and Lidl in the latest 12-week period, with No. 4 player Morrisons the clear laggard, industry data showed on Tuesday.

Morrisons' sales fell 1.7% in the 12 weeks to Nov. 3, trailing market leader Tesco, Sainsbury's and Asda, which saw declines of 0.6%, 0.2% and 1.2% respectively, market researcher Kantar said.

In contrast, Lidl's sales rose 8.8% and Aldi's were up 6.7%, giving the discounters a combined market share of 13.9%.

Unlike the big four players, Aldi and Lidl continue to open lots of new stores.

Shares in Morrisons were down 0.4% at 0834 GMT, Tesco was down 2.1% and Sainsbury's was up 0.7%.

Overall UK grocery sales grew 1.0% over the 12 weeks. "The increase is slightly behind the equivalent rate last month, against a backdrop of political uncertainty and a persistently wet autumn," Kantar said.

Grocery inflation was 0.8% over the period, it said. Prices are rising fastest in markets such as fresh sausages, frozen fish and ambient cooking sauces, while falling in fresh poultry, butter and instant coffee.

Walmart-owned Asda is due to update on third quarter sales on Thursday.

(Reporting by James Davey; editing by Kate Holton and Jason Neely)

Stocks mentioned in the article
ChangeLast1st jan.
J SAINSBURY PLC 0.53% 199.85 Delayed Quote.-13.53%
TESCO PLC 0.61% 231.1 Delayed Quote.-9.99%
WM MORRISON SUPERMARKETS PLC -0.21% 188.45 Delayed Quote.-5.73%
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Financials
Sales 2021 17 490 M 22 081 M 22 081 M
Net income 2021 334 M 422 M 422 M
Net Debt 2021 2 377 M 3 001 M 3 001 M
P/E ratio 2021 13,5x
Yield 2021 5,53%
Capitalization 4 506 M 5 670 M 5 688 M
EV / Sales 2020
EV / Sales 2021 0,39x
Nbr of Employees 98 000
Free-Float 99,5%
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Technical analysis trends WM MORRISON SUPERMARKETS P
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Income Statement Evolution
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Mean consensus HOLD
Number of Analysts 17
Average target price 201,00 GBp
Last Close Price 188,35 GBp
Spread / Highest target 30,1%
Spread / Average Target 6,72%
Spread / Lowest Target -7,09%
EPS Revisions
Managers
NameTitle
David T. Potts Chief Executive Officer & Director
Andrew Thomas Higginson Non-Executive Chairman
Trevor John Strain Chief Operating Officer & Director
Michael Gleeson Chief Financial Officer
Belinda Jane Carew-Jones Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
WM MORRISON SUPERMARKETS PLC-5.73%5 674
WOOLWORTHS GROUP LIMITED1.22%31 582
SYSCO CORPORATION-30.91%30 000
AHOLD DELHAIZE N.V.6.53%28 469
TESCO PLC-9.99%28 176
KROGER12.73%25 693