May is a busy month for food retailers, with Sainsbury, Safeway and Big Food Group all reporting annual results in the next three weeks and Morrisons holding its annual general meeting.
Investors in Sainsbury and Big Food Group are looking for signs the retailers have turned the corner while Safeway needs to reassure shareholders in the face of the battle to gain control of it.
Sainsbury, which reports on May 20, continues to lose the most market share, according to our TradeTrak survey from ACNielsen, down 0.9% year-on-year. Its big investment in distribution needs to deliver soon if it is to halt the slide.
Safeway, which unveils its annual figures on Thursday, is the second largest loser year-on-year, down 0.7%. Last month it warned that its second half and full year results had been affected by the uncertainty.
Morrisons, whose annual meeting is on May 22, has gained 0.1% year-on-year while fellow Safeway bidders Tesco and Asda are also both up, at 0.4% and 0.5% respectively.
Big Food Group is the last to report on May 29. Growth at Iceland has slowed in recent times but indications from its first new look stores are more positive.
Its fourth quarter statement last month showed like-for-like sales at Iceland down 3.4%. But the 33 refurbished stores, which have greater emphasis on fresh produce, ready meals and ethnic foods, were up 14.1%.
Meanwhile Somerfield, subject of a spurned 103p per share bid from a consortium headed by John Lovering, has snatched back 0.1% share.
On the whole the year-on-year market share picture is fairly static, demonstrating that all the bid activity is not unsettling the marketplace.
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Investors in Sainsbury and Big Food Group are looking for signs the retailers have turned the corner while Safeway needs to reassure shareholders in the face of the battle to gain control of it.
Sainsbury, which reports on May 20, continues to lose the most market share, according to our TradeTrak survey from ACNielsen, down 0.9% year-on-year. Its big investment in distribution needs to deliver soon if it is to halt the slide.
Safeway, which unveils its annual figures on Thursday, is the second largest loser year-on-year, down 0.7%. Last month it warned that its second half and full year results had been affected by the uncertainty.
Morrisons, whose annual meeting is on May 22, has gained 0.1% year-on-year while fellow Safeway bidders Tesco and Asda are also both up, at 0.4% and 0.5% respectively.
Big Food Group is the last to report on May 29. Growth at Iceland has slowed in recent times but indications from its first new look stores are more positive.
Its fourth quarter statement last month showed like-for-like sales at Iceland down 3.4%. But the 33 refurbished stores, which have greater emphasis on fresh produce, ready meals and ethnic foods, were up 14.1%.
Meanwhile Somerfield, subject of a spurned 103p per share bid from a consortium headed by John Lovering, has snatched back 0.1% share.
On the whole the year-on-year market share picture is fairly static, demonstrating that all the bid activity is not unsettling the marketplace.
{{INSIGHT }}
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