Sector News

Updated: Apr 10, 2019 Morrisons on target with strong results. SUPR view: Group LFL sales up 5% Total revenue up 3% Profit before tax up 10% EPS up 8% Further special dividend of 4p declared – full year total dividend up 25% to 12.6p  Store impairments reversal £66m  Wholesale partnership with McColl’s proving successful – on … Read more

SUPR summary: Sales up 1.2% to £6.8bn Online grocery sales jumped 14% during the year, following ‘significant investment’ in Waitrose.com as well as as new smarthphone apps Commentary: “We have strengthened our online business significantly in recent years, and said last summer that we will double Waitrose.com within five years. This change will be a … Read more

Tesco has revealed the full impact of the new lease accounting standard on their balance sheet. SUPR view: IFRS 16 adjustments in line with expectations Total debt up £10.5bn due to lease liability  Total “lease adjusted” debt increases to £15.8bn or 4x EBITDA   Creates incentive on Tesco to buyback property ie lease interest rate 5.8% … Read more

– LFL sales up 1.0% in Q4 – Net sales up 2.7% in the same period – Own brand products drive drive sales – CMA provisional merger findings expected this week Read more

Updated: Apr 10, 2019 Tesco has teamed up with Weston Homes to create a mixed use development on the site of its 10.4 acre store in Goodmayes, London.. In their statement, Weston revealed that if successful the scheme will include a mix of private and affordable housing as well as a primary school, playground and public … Read more

SUPR View: Pre-tax loss of £44.4mm Sales up 12.3% with 11.8% more customers Earnings down 20.7% Watch Waitrose negotiations – an extension of 2020 deal key to Ocado Given the timing of the announcement – rumours of a new deal should be taken with a pinch of salt Read more

Latest update on the grocery sector from Colliers, containing insights into the sector and featuring SUPR’s Sheffield store. Download full report

Total UK Retail Sales +3.7% yoy, -0.9% mom Non Food +0.7% yoy, -1.1% mom Food Sales +0.9% yoy  +0.3% mom A record Christmas for UK grocers helped food stores to be the standout retail sales performer over the period, avoiding the malaise affecting the wider sector. Non food retail sales were positive yoy but mom’s were negative … Read more

Updated: Apr 10, 2019 SUPR view: * Strong Christmas trading period and the twelfth consecutive quarter of growth. ​* Christmas like for like sales up 2.6%, outperforming the UK market across food, clothing and general merchandise. ​* Booker acquisition continues to be a strategic success with quarterly LfL sales up 11%. ​* It is worthy of … Read more