UK supermarkets sales up by over 3% for sixth month, with Tesco again leading the ‘Big Four”

Kantar Worldpanel said its latest grocery market share figures showed an overall increase of 3.6% in sales for the 12 weeks to 10 September 2017, compared with the same period last year

Tesco store

Supermarket leader Tesco came out on top once more, with sales up 2.7%

UK supermarkets saw higher food price inflation help their sales increase by over 3% for a sixth month, according to the latest industry data, with Tesco PLC (LON:TSCO) again leading the ‘Big Four’.

 

Kantar Worldpanel said its latest grocery market share figures showed an overall increase of 3.6% in sales for the 12 weeks to 10 September 2017, compared with the same period last year.

READ: Lidl now UK’s seventh biggest supermarket, but ‘Big Four’ led by Tesco also seeing sales growth

The market research group said food price inflation was 3.2% in the period, compared with 3.3% a year earlier.

Supermarket leader Tesco came out on top once more, with sales up 2.7%, although its market share was squeezed by 0.3 percentage points to 27.8%.

Sales at J Sainsbury plc (LON:SBRY) were up 2.1%, while Wm Morrison Supermarkets PLC (LON:MRW) saw its sales rise 2.3%, and Wal-Mart Stores Inc (NYSE:WMT) owned Asda added 1.5%.

But the German discounters again saw the fastest growth, with Lidl sales jumping 19.2%, taking its share to a record high of 5.3%, while rival Aldi saw growth of 15.6%, resulting in a market share of 6.9%.

Source : http://www.proactiveinvestors.co.uk/companies/news/184215/uk-supermarkets-sales-up-by-over-3-for-sixth-month-with-tesco-again-leading-the-big-four-184215.html

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