SUPR’s tenants have recently reported some very impressive trading performance over the Christmas period, highlighting the strength of the sector and the non-discretionary nature of grocery spending.
Sainsbury’s:
- Very positive grocery performance, with Q3 sales up 9.3%
- Christmas sales were up 8.6%, with stronger volume growth offsetting lower inflation
- Like-for-like sales growth of 7.4%
Tesco:
- Q3 like-for-like UK sales up by 7.9%
- Q3 like-for-like UK online sales up by 12.3% supported by strong execution, with orders, volumes, pick rates and availability all up YoY
Marks and Spencer:
- Top performing grocer in volume growth terms over the Christmas period and quarter
- Q3 like-for-like UK sales up 8.1%
- Q3 like-for-like UK grocery sales up 9.9%
