Tesco and Sainsbury's tighten grip on UK grocery market
Portfolio Pulse from
Tesco PLC has achieved its highest grocery market share since December 2017, growing to 28.1% as sales increased by 5.2% in the 12 weeks to December 1, 2024.
December 10, 2024 | 9:45 am
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POSITIVE IMPACT
Tesco PLC has increased its grocery market share to 28.1%, the highest since 2017, with a 5.2% sales growth.
The increase in market share and sales growth indicates strong performance, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80