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Worldpanel UK: (June-26) - Soft print for Tesco...taking a leap of faith-20260623
摩根士丹利· 2026-06-23 20:19
June 23, 2026 11:37 AM GMT Retailing - Food | Europe Worldpanel UK: (June-26) - Soft print for Tesco...taking a leap of faith What's new? Overall grocery trends look stable at market level, with ~flattish volumes y/y, but increased promotional activity, and inflation ~3%. For us, instead the main focus of this release is Tesco, considering the rare UK LfL miss in last week's results. Share trends were softer than expected for the second consecutive release, with 4wk till roll/grocery down -20bp/-30bp y/y re ...