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

WM MORRISON SUPERMARKETS PLC

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UK supermarkets suffer as shoppers shun booze and meat

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02/04/2020 | 04:49am EDT
FILE PHOTO: A worker's uniform displays company branding at a Sainsbury's store in London

Britain's supermarkets suffered a slow start to 2020 as shoppers embraced the "Dry January" and "Veganuary" campaigns to shun alcohol and meat, industry data showed on Tuesday.

Market researcher Kantar said total UK grocery sales rose just 0.3% in the 12 weeks to Jan. 26, with the traditional "big four" supermarket groups all seeing year-on-year sales declines.

"Many people start the year with good intentions and pledges to make healthier choices following the excesses of the festive period," said Fraser McKevitt, head of retail and consumer insight at Kantar.

The researcher said No. 2 player Sainsbury's, which last month named a new CEO, was the least worst performer of the big four with a sales decline of 0.6%.

"While still declining, Sainsbury's performance is improving, and online sales were a bright spot – growing by 7% year on year," said Kantar.

Industry leader Tesco, Walmart-owned Asda and Morrisons saw sales falls of 0.9%, 2.2% and 3.0% respectively.

All of the big four continued to lose market share to German-owned discounters Aldi and Lidl, whose sales rose 5.7% and 11.1% respectively, giving them a combined market share of 13.8%. Unlike the big four they are continuing to open lots of new stores.

Kantar said online supermarket Ocado was Britain's fastest growing grocer, with sales up 11.2%.

Shares in Sainsbury's were up 1.1% at 0906 GMT, Tesco was up 0.7% and Morrisons was up 1.2%. The FTSE 100 index was up 1.5%.

Last month, Tesco, Sainsbury's and Morrisons all reported subdued Christmas trading, blaming a tough consumer backdrop.

Kantar said grocery inflation was 1.0% over the 12 weeks. Prices are rising fastest in categories such as bacon, sausages and cooked meat, while falling in butter and fresh poultry.

By James Davey

Stocks mentioned in the article
ChangeLast1st jan.
FEEDER CATTLE?FUTURES (GF) - CMG (ELECTRONIC)/C1 -0.23% 110.175 End-of-day quote.-25.51%
J SAINSBURY PLC 2.67% 210.465 Delayed Quote.-10.35%
LIVE CATTLE (LE) - CMG (ELECTRONIC)/C1 0.00% 83.825 End-of-day quote.-32.78%
OCADO GROUP PLC -0.58% 1390 Delayed Quote.8.60%
TESCO PLC 2.48% 225.652 Delayed Quote.-12.26%
WALMART INC. 5.52% 126.07 Delayed Quote.6.08%
WM MORRISON SUPERMARKETS PLC 1.73% 185.25 Delayed Quote.-8.58%
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Financials (GBP)
Sales 2020 17 735 M
EBIT 2020 512 M
Net income 2020 316 M
Debt 2020 2 395 M
Yield 2020 6,68%
P/E ratio 2020 14,4x
P/E ratio 2021 8,24x
EV / Sales2020 0,39x
EV / Sales2021 0,37x
Capitalization 4 440 M
Chart WM MORRISON SUPERMARKETS PLC
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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 208,78  GBp
Last Close Price 185,70  GBp
Spread / Highest target 37,3%
Spread / Average Target 12,4%
Spread / Lowest Target -5,76%
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-8.58%5 298
TESCO PLC-12.26%27 732
WOOLWORTHS GROUP LIMITED-0.25%27 101
AHOLD DELHAIZE N.V.0.38%25 309
KROGER12.56%23 735
SYSCO CORPORATION-47.38%23 203