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TSCO - Tesco News Story

219.6p 4.4  2.0%

Last Trade - 18/09/20

Sector
Consumer Defensives
Size
Large Cap
Market Cap £21.51bn
Enterprise Value £33.86bn
Revenue £64.76bn
Position in Universe 54th / 1807

UK grocery sales growth slows as shoppers return to more normal routines - Kantar

Tue 21st July, 2020 8:07am
LONDON, July 21 (Reuters) - UK grocery sales rose 14.6%
year-on-year in the four weeks to July 12, slowing from growth
of 18.9% the previous month as COVID-19 restrictions were eased
to allow hospitality and leisure outlets to reopen, industry
data showed on Tuesday.
    Market researcher Kantar said data over the period suggested
shoppers are tentatively returning to more normal routines.
    Of Britain's big four grocers No. 4 Morrisons  MRW.L  was
the best performer over the 12 weeks to July 12 with sales
growth of 17.4%, ahead of market leader Tesco  TSCO.L ,
Sainsbury's  SBRY.L  and Asda  WMT.N  with growth of 15.1%,
13.5% and 11% respectively.
       

 (Reporting by James Davey; editing by Sarah Young)
 ((james.davey@thomsonreuters.com))
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