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MRW Morrison (wm) Supermarkets Plc

286.40
0.00 (0.00%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Morrison (wm) Supermarkets Plc LSE:MRW London Ordinary Share GB0006043169 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 286.40 286.60 286.70 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Tesco Year-Over-Year Market Share Rises for First Time Since 2011

18/10/2016 9:04am

Dow Jones News


Morrison (wm) Supermarkets (LSE:MRW)
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By Ian Walker

 

LONDON--Tesco PLC's (TSCO.LN) year-over-year market share has risen for the first time in five years, with sales 1.3% higher as its food unit was boosted by "farm brands" and its standard own-label lines, according to a market survey Tuesday.

For the 12 weeks ended Oct. 9, Tesco's market share rose to 28.2% from 28.1% for the comparable 12 weeks, while sales rose 1.3% to 6.98 billion pounds ($8.55 billion).

German discount grocers Aldi and Lidl, together with upmarket grocer Waitrose, also increased market share and sales in the latest 12 months, Kantar Worldpanel said. Kantar monitors the grocery purchasing habits of 25,000 demographically representative households in the U.K.

Aldi and Lidl's joint market share rose to 10.8% in the 12 weeks ended Oct. 9, up from 9.9% in the comparable period ended Oct. 11, 2015. Separately Aldi's market share rose to 6.2% in the 12 weeks, from 5.6% for the period in 2015. Lidl's market share rose to 4.6% from 4.3% in the 12 weeks ended Oct. 11, 2015.

Aldi's sales in period grew 11% to GBP1.54 billion, while Lidl's sales rose 8.4% to GBP1.15 billion.

Sainsbury PLC's (SBRY.LN) market share in the 12 weeks ended Oct. 9 fell to 16% from 16.1%, while sales fell 0.4% to GBP3.95 billion.

Asda, a subsidiary of Wal-Mart Stores Inc. (WMT), saw its market share fall to 15.6% from 16.6% for the comparable 12 weeks, with sales 5.2% lower at GBP3.86 billion.

Wm Morrison Supermarkets PLC's (MRW.LN) market share fell to 10.4% from 10.8%, while sales were 3% lower at GBP2.56 billion

Waitrose' market share rose to 5.4% in the 12 weeks ended Oct. 9 from 5.2% in the comparable period, and sales climbed 3.5% to GBP1.33 billion.

 

Write to Ian Walker at ian.walker@wsj.com

 

(END) Dow Jones Newswires

October 18, 2016 03:49 ET (07:49 GMT)

Copyright (c) 2016 Dow Jones & Company, Inc.

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