UK's Biggest Supermarkets Buoyed by Sales Growth

The UK’s biggest grocers are enjoying a period of sustained growth, according to industry data from Kantar, but Ocado's results were less well received by investors

James Gard 19 September, 2017 | 1:48PM
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Ocado plastic bags

Ocado’s trading statement to the market, combined with Kantar Worldpanel figures on the supermarket sector, brought the UK’s listed grocers into focus on Tuesday.

The market reacted to Ocado’s (OCDO) third-quarter sales figures by pushing the share price down over 5%, making the company the biggest faller on the FTSE 250. Revenue rose to £344.5 million in the third quarter of this year, from £301.4 million the year before. While average orders surged from 219,000 a week to 254,000, investors focused on the drop in the order value from £107 to £106.

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Securities Mentioned in Article

Security NamePriceChange (%)Morningstar
Rating
Morrison (Wm) Supermarkets PLC267.60 GBX1.13Rating
Ocado Group PLC1,855.00 GBX-0.08Rating
Sainsbury (J) PLC283.30 GBX-0.28Rating
Tesco PLC233.00 GBX-0.11Rating
Walmart Inc142.55 USD0.22Rating

About Author

James Gard  is content editor for Morningstar.co.uk

 

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