You are here

Prices & Quotes - UK Markets - Marks & Spencer Group (MKS)

Risk Warning The value of investments can fall as well as rise and any income from them is not guaranteed and you may get back less than you invested. Past performance is not a guide to future performance.

Share Price:
Down 94.12p
Change Today:
-0.98p
Market Cap:
1,838.53m
Sector:
General Retailers

Grocery spending slows as shoppers dine out during August

By Abigail Townsend

Date: Tuesday 15 Sep 2020

LONDON (ShareCast) - (Sharecast News) - Around 155m was wiped off UK grocery sales in August, industry research showed on Tuesday, as consumers took advantage the government's Help Out to Eat Out scheme and the easing of lockdown restrictions.
According to retail consultancy Kantar, take home grocery sales rose by 10.8% in the 12 weeks to 6 September, the fifth consecutive period of double-digit growth.

However, year-on-year sales growth in the most recent four weeks slowed to 8.0%, the slowest rate since April.

Fraser McKevitt, head of retail and consumer insight, attributed the slowdown to people being encouraged out of their homes and the launch of the Eat Out to Help Out scheme on 1 August. According to the government, more than 100m meals out were consumed under the month-long scheme.

"Diners' confidence built throughout the month, and footfall increased during each week of the scheme, culminating in the final bank holiday Monday, when dining out accounted for a two and half time's greater share of consumer spend that the pre-Covid average," McKevitt said.

"Fewer meals eaten at home meant consumers spent 155m less in supermarkets in the four weeks to 6 September compared with July."

Take home alcohol sales were also lower, with wine down 5% and beer 10%, as people returned to pubs and bars.

Online grocery sales continued to perform well, rising 77% year-on-year in the past four weeks. The cumulative increase in online orders since the start of lockdown is now 3.2bn. However, the pace of growth appears to be easing, with sales slowing to 12.5% of total sales in August from a peak of 13.5% in July.

Ocado, which ended its association with Waitrose in favour of Marks & Spencer on 1 September, was the fastest growing of any of the grocers over the past 12 weeks. Sales were up by 41.2%.

Kantar said Waitrose.com had experienced the fastest year-on-year online growth of any retailer, with the supermarket's overall sales rising by 7.3% year-on-year.

Tesco saw its sales increase by 10.5%, Sainsbury's by 8.0% and Asda by 6.3%, Kantar said.

The data echoed that published by Nielsen, also on Tuesday. It reported strong demand for internet shopping, with online sales of fast moving consumer goods up by 102%, while bricks and mortar sales eased 1.6%.

Mike Watkins, head of retailer and business insight at Nielsen, said: "The growth of online shopping continues to put pressure on stores. While there are still shoppers trying online for the first time, the growth of online is now being driving by bigger spends and more transactions.

"With more Covid-19 headwinds set to come and a fragile economy, a weakened shopper sentiment will likely start to impact consumer spend overall. Many retailers are re-positioning their strategies, launching new ad campaigns and focusing on price cuts." According to Kantar, promotional activity is now at its highest level since February.

In the 12 weeks to 5 September, Nielsen said Iceland was the fastest-growing retailer, up 16.3%, just ahead of Morrisons, at 10.4%, and Aldi at 8.7%.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

MKS Market Data

Currency UK Pounds
Price 94.12p
Change Today -0.98p
52 Week High 228.90p
52 Week Low 85.04p
Volume 33,062
Shares Issued 1,953.39m
Market Cap 1,838.53m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. half market star
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Price Trend
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Income
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. half sector star
Growth
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. empty sector
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
PEG
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. half sector star
  5. empty sector
Dividend Yield
market
  1. full market star
  2. full market star
  3. full market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector
EPS Growth
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. half sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 10
Buy 1
Neutral 7
Sell 0
Strong Sell 0
Total 18
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

MKS Dividends

  Latest Previous
  Interim Final
Ex-Div 14-Nov-19 30-May-19
Paid 10-Jan-20 12-Jul-19
Amount 3.90p 7.10p

Trades for 22-Oct-2020

Time Volume / Share Price
08:04 1 @ 94.70p
08:04 28 @ 94.75p
08:03 92 @ 94.35p
08:02 6,000 @ 93.77p
08:02 364 @ 94.10p

MKS Key Personnel

CEO Steve Rowe
Chair Archie Norman
CFO Eoin Tonge