You are here

Prices & Quotes - UK Markets - Ocado Group (OCDO)

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:
Up 1,975.00p
Change Today:
75.00p
Market Cap:
14,598m
Sector:
Food & Drug Retailers

UK grocery sales ease on anniversary of pandemic

By Abigail Townsend

Date: Tuesday 30 Mar 2021

LONDON (ShareCast) - (Sharecast News) - British grocery sales slowed ahead of the anniversary of the first national lockdown, industry data published on Tuesday showed.
According to the latest figures from Kantar, take-home grocery sales rose by 7.4% over the 12 weeks to 21 March, a marked slowdown on the growth seen in previous months. In the 12 weeks to 21 February, sales rose by 12.5%, jumping by 15.1% in the last four weeks of the period.

In the most recent four-week period, however, sales fell 3.0% year-on-year, with shoppers making 117m fewer trips to supermarkets.

Fraser McKevitt, head of retail and consumer insight at Kantar, said: "The anniversary of the first national lockdown means we begin to compare grocery sales against the record-breaking levels seen in the early days of the pandemic, and growth has perhaps not surprisingly dipped over the past four weeks as a result.

"This time last year, Brits were adjusting to schools and offices closing and making extra trips to the supermarket to fill their cupboards for lockdown."

Prime minister Boris Johnson announced the first national lockdown on 23 March 2020.

However, grocery spending remains higher than pre-pandemic levels. While sales growth has slowed compared to 2020, it is up 15.6% on the same 12-week period in 2019, with the average household spending an extra 134 on take-home groceries. Kantar attributed the higher spend to the ongoing restrictions on dining out.

With the current lockdown restrictions beginning to be lifted, online shopping levels eased as more people returned to stores. Kantar said that over-65s - most of which are now vaccinated - increased their trips to supermarkets by 6.8%, more than double the national rate.

"The channel's share of the market dropped back to 14.5% from the record 15.4% in February 2021," McKevitt noted.

Among individual retailers, Tesco increased sales by 8.5% in the 12 weeks to 21 March, with its market share 0.3 percentage points higher at 27.1%. Asda increased its market share to 15.1% on 7.6% sales growth; Wm Morrison reported sales growth of 8.7%, giving it a market share of 10.1%; while J Sainsbury's market share held steady at 15.3% after sales rose 7.3%.

Ocado's sales surged by 33.9%, moving its market share up to 1.9% from 1.5% previously.

Kantar said grocery inflation was 0.9% in the 12-week period, with prices rising the fastest in canned colas, chilled fruit juices and chilled desserts. In contrast, the prices of fresh bacon, vegetables and fresh beef all fell.

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

 

Ocado Group Market Data

Currency UK Pounds
Price 1,975.00p
Change Today 75.00p
52 Week High 2,895.00p
52 Week Low 1,861.50p
Volume 2,285,511
Shares Issued 739.13m
Market Cap 14,598m
Beta 0.02

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. full 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
Price Trend
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. full sector star
  4. empty sector
  5. empty sector
Income
Not Available
Growth
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
Price Chg 6m
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
P/E
Not Available
PEG
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
Not Available
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 3
Buy 0
Neutral 8
Sell 1
Strong Sell 5
Total 17
neutral
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.

Ocado Group Dividends

No dividends found

Trades for 07-May-2021

Time Volume / Share Price
16:46 300,000 @ 1,973.51p
16:45 499 @ 1,980.50p
16:45 499 @ 1,980.50p
16:35 1,000 @ 1,975.00p
16:35 550,149 @ 1,975.00p

Ocado Group Key Personnel

CEO Tim Steiner
COO Mark Richardson
CFO Stephen Daintith