Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

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

WM MORRISON SUPERMARKETS

(MRW)
  Report  
Real-time Quote. Real-time CHI-X - 09/23 04:11:59 am
202.55 GBp   -0.66%
09/17Britons not stockpiling ahead of Brexit - Kantar
RE
09/17Ocado could make early start to M&S deliveries
RE
09/16Aldi focused on British sales with £1 billion growth plan
RE
SummaryQuotesChartsNewsRatingsCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsOfficial PublicationsSector newsAnalyst Recommendations

Sainsbury's outperforms major rivals in weak UK market - Kantar

share with twitter share with LinkedIn share with facebook
share via e-mail
0
08/20/2019 | 05:40am EDT
A shopping trolley is pushed around a supermarket in London

LONDON (Reuters) - Sainsbury's recorded the smallest sales decline among Britain's big four grocers in the latest 12 week period, showing tentative signs of improvement after nearly two years of underperformance, according to industry data published on Tuesday.

Sainsbury's had its proposed 7.3 billion pound takeover of Walmart-owned Asda blocked by Britain's competition regulator in April. Its shares were up 1.9% at 0906 GMT, paring losses over the last year to 43%.

Market researcher Kantar said Sainsbury's sales fell 0.6% in the 12 weeks to Aug. 11. That compared with falls of 1.6%, 1.5% and 2.7% at industry leader Tesco, Asda and Morrisons respectively.

“While each of the big four lost (market) share, Sainsbury’s will be cheered to be the strongest performer among this cohort for the first time since November 2017," said Fraser McKevitt, Kantar's head of retail and consumer insight.

He said that bucking the market-wide trend towards own-label products, sales of branded goods at Sainsbury’s rose by 1.5%, driven by higher levels of promotion and lower prices.

Sainsbury's' boss Mike Coupe is under pressure to turn around the group's fortunes after the failure of the Asda deal and three straight quarters of declining underlying sales.

On Saturday, Sainsbury's denied a newspaper report it was talking to internal candidates about succession planning for Coupe.

The group is cutting prices on daily essentials while investing in stores, technology and online services to meet the challenges of a fast-changing industry, where customers are shopping more frequently, demanding more convenience, buying more online and also flocking to German-owned discounters Aldi and Lidl.

Sainsbury's will update on strategy on Sept. 25 when it hosts a capital markets day for investors.

Aldi and Lidl's sales were up 6.2% and 7.7% respectively in the 12-week period, taking their combined market share to 14%.

TOUGH COMPARISONS

Kantar said total British grocery sales were flat over the 12 weeks, reflecting tough comparisons with 2018's strong summer, which was boosted by a heatwave and the men's soccer World Cup.

Total sales had fallen 0.5% in Kantar's July data set - the first decline since June 2016.

“The memory of last year still looms large for retailers and this summer’s comparatively poor weather, combined with low levels of like-for-like price rises, have made growth hard to find for retailers," said McKevitt.

Kantar said grocery inflation over the 12 weeks was 0.9%. It said prices rose fastest in markets such as crisps, canned fish and frozen fish, while falling in canned cola, instant coffee and chilled fruit juices.

Shares in Morrisons, which reports first half results on Sept. 12, were down 0.4%. Shares in Tesco were down 1.1%.

(Reporting by James Davey; Editing by Kate Holton and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
J SAINSBURY PLC -0.69% 214.4 Delayed Quote.-18.53%
TESCO PLC -0.91% 239.7 Delayed Quote.27.04%
WALMART INC. -0.11% 116.98 Delayed Quote.25.58%
WM MORRISON SUPERMARKETS 0.05% 204.1 Delayed Quote.-4.38%
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on WM MORRISON SUPERMARKETS
09/17Britons not stockpiling ahead of Brexit - Kantar
RE
09/17Ocado could make early start to M&S deliveries
RE
09/16Aldi focused on British sales with £1 billion growth plan
RE
09/12LONDON STOCK EXCHANGE : Tariff delay, Morrisons help FTSE 100 stay afloat
RE
09/12Amazon extends food tie-up with British supermarket Morrisons
RE
09/12Britain won't run out of toilet paper but fruit could be in short supply afte..
RE
09/12LONDON MARKETS: FTSE 100 Struggles Higher; Miners Lifted On Signs Of Trade-wa..
DJ
09/12WM MORRISON SUPERMARKETS : Morrisons says talk of firm as takeover target 'pure ..
RE
09/12WM MORRISON SUPERMARKETS : . Morrison 1st Half Pretax Profit Rose 49%; Extends A..
DJ
09/10LONDON STOCK EXCHANGE : FTSE 100's changing face - trip down memory lane
RE
More news
Financials (GBP)
Sales 2020 18 046 M
EBIT 2020 509 M
Net income 2020 321 M
Debt 2020 1 791 M
Yield 2020 4,67%
P/E ratio 2020 15,6x
P/E ratio 2021 14,6x
EV / Sales2020 0,37x
EV / Sales2021 0,36x
Capitalization 4 872 M
Chart WM MORRISON SUPERMARKETS
Duration : Period :
Wm Morrison Supermarkets Technical Analysis Chart | MarketScreener
Full-screen chart
Technical analysis trends WM MORRISON SUPERMARKETS
Short TermMid-TermLong Term
TrendsBullishNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 222,11  GBp
Last Close Price 203,90  GBp
Spread / Highest target 25,1%
Spread / Average Target 8,93%
Spread / Lowest Target -11,7%
EPS Revisions
Managers
NameTitle
David T. Potts Chief Executive Officer
Andrew Thomas Higginson Non-Executive Chairman
Trevor John Strain Director, Chief Financial & 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-4.38%6 086
SYSCO CORPORATION24.86%40 151
SEVEN & I HOLDINGS CO., LTD.-13.35%33 946
WOOLWORTHS GROUP LTD26.24%31 723
TESCO PLC27.04%29 368
AHOLD DELHAIZE N.V.3.15%27 415