Performance highlights.
UK: Continuing to outperform the market, with stronger than expected volume growth
Strong market share performance, up +15bps to 27.9% in the four weeks to Christmas1, with net switching gains for ten consecutive periods2
Six-week Christmas like-for-like sales increase of 6.8% includes growth of 9.2% in the four weeks to Christmas
Consistent volume growth across the period; particular strength in fresh food supported by market-leading availability
Now consistently the cheapest full-line grocer for over 14 months3; continuing to inflate less than all key competitors
Prices cut on nearly 2,700 products with savings of c.10%, alongside unrivalled value proposition of Aldi Price Match, Low Everyday Prices & Clubcard Prices; further 150 Price Cuts and double Clubcard points announced this week
Continued investment in innovation and quality with over 550 new and improved festive products, including the launch of our 'Finest Chef's Collection' festive food to order range; quality perception up +91bps YoY vs market decline4; won 35 Christmas food awards
Total Finest sales up 16.7% including a record Christmas sales week; continued net switching gains from premium retailers, now for 17 consecutive periods5
Clubcard sales penetration up further 3ppts YoY to 83%; issued 83m digital personalised coupons and launched a personalised 'Shop & Save' campaign rewarding customers with additional savings over Christmas
Online sales up 11.5%, supported by strong execution, with orders, volumes, pick rates and availability all up YoY; delivered nearly half a million Whoosh orders in lead up to Christmas
Over two million meals donated to foodbanks by customers and colleagues through our Winter Food Collection
https://www.investegate.co.uk/announcem ... 4-/7984398
Also posted on Company News here; viewtopic.php?p=639553#p639553
I hold TSCO in my HYP, and know others hereabouts do too, so this may be of interest here.
Ian.