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

WM MORRISON SUPERMARKETS PLC

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

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11/12/2019 | 03:50am EST
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 2.62% 223.2 Delayed Quote.-15.77%
TESCO PLC 3.76% 251.4 Delayed Quote.32.19%
WM MORRISON SUPERMARKETS PLC 0.95% 195.85 Delayed Quote.-8.16%
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Financials (GBP)
Sales 2020 18 001 M
EBIT 2020 512 M
Net income 2020 319 M
Debt 2020 2 035 M
Yield 2020 5,16%
P/E ratio 2020 15,1x
P/E ratio 2021 14,1x
EV / Sales2020 0,37x
EV / Sales2021 0,36x
Capitalization 4 688 M
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Technical analysis trends WM MORRISON SUPERMARKETS P
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 220,67  GBp
Last Close Price 195,85  GBp
Spread / Highest target 30,2%
Spread / Average Target 12,7%
Spread / Lowest Target -8,09%
EPS Revisions
Managers
NameTitle
David T. Potts Chief Executive Officer & Director
Andrew Thomas Higginson Non-Executive Chairman
Trevor John Strain CFO, Director & Chief Commercial Officer
Belinda Jane Carew-Jones Independent Non-Executive Director
Richard Colin Neil Davidson Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
WM MORRISON SUPERMARKETS PLC-8.16%6 252
SYSCO CORPORATION33.32%42 624
SEVEN & I HOLDINGS CO., LTD.-14.71%32 958
TESCO PLC32.19%32 626
WOOLWORTHS GROUP LIMITED29.06%32 223
AHOLD DELHAIZE N.V.1.65%27 361