Tesco (TSCO)

Up
Share Price:
503.80p
Market Cap:
£31,564m
Change Today:
3.40p
Sector:
Food Pharmacy Retail

Grocery sales shine as heatwave boosts demand - NIQ

By Abigail Townsend

Date: Tuesday 23 Jun 2026

LONDON (ShareCast) - (Sharecast News) - Grocery sales shone in late May, industry data showed on Tuesday, boosted by warmer weather and the start of a summer of major sporting events.
According to NielsenIQ, total till sales at UK supermarkets jumped 4.6% in the four weeks to 13 June, building on the previous four-week period's 4.2% uplift.

Driving the rise was particularly strong growth in the last two weeks of May, when the weather grew hotter and consumers looked ahead to the start of the football World Cup on 11 June. That helped offset slower growth in the final two weeks of the period, when sales rose by just 0.4%. NIQ said the wetter weather in early June likely discouraged spending.

Mike Watkins, head of retailer and business insight at NIQ, said: "The arrival of hot weather boosted demand for summer essentials, with suncare, ice cream and refreshment-related categories among the fastest growing areas of grocery spend. Consumers made the most of the early summer weather and retailers adapted ranges to meet this demand."

Among individual retailers, Tesco's market share in the 12 weeks to 14 June was 26.3%, while at Aldi, it nudged lower to 10.1%. In contrast, J Sainsbury - the UK's second-largest grocer after Tesco - saw its market share edge up to 15%. Discounter Lidl also saw a rise, to 8.3% from 7.8% a year previously.

Marks & Spencer saw its market share improve to 4.1% from 3.7%.

Looking to the rest of the summer, Watkins said: "The second heatwave of the year will likely see another boost to sales into July, conveniently coinciding with the summer of sport. Yet we still expect lower demand into August, when the holiday season disrupts spending, [and] the economic outlook for September is still uncertain, with increases in mortgage and energy costs expected."

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.

 

Tesco Market Data

Currency UK Pounds
Price 503.80p
Change Today 3.40p
52 Week High 516.20p
52 Week Low 413.20p
Volume 38,168,825
Shares Issued 6,265m
Market Cap £31,564m

Performance Indicators

Compare performance with the sector and the market.

Key
Vs Market
Vs Sector
Value
market
  1. empty market
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Trend
market
  1. full market star
  2. full market star
  3. full market star
  4. full market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. full sector star
Income
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. half sector star
  3. empty sector
  4. empty sector
  5. empty sector
Growth
market
  1. full market star
  2. half market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Price Chg 6m
market
  1. full market star
  2. full market star
  3. full market star
  4. half market star
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. full sector star
  5. empty sector
P/E
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
PEG
market
  1. half market star
  2. empty market
  3. empty market
  4. empty market
  5. empty market
sector
  1. half sector star
  2. empty sector
  3. empty sector
  4. empty sector
  5. empty sector
Dividend Yield
Not Available
EPS Growth
market
  1. full market star
  2. full market star
  3. half market star
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. empty sector
  4. empty sector
  5. empty sector
Operating Margin
market
  1. full market star
  2. full market star
  3. empty market
  4. empty market
  5. empty market
sector
  1. full sector star
  2. full sector star
  3. full sector star
  4. empty sector
  5. empty sector

What The Brokers Say

Strong Buy 5
Buy 2
Neutral 3
Sell 1
Strong Sell 0
Total 11
buy
Broker recommendations should not be taken as investment advice, and are provided by the authorised brokers listed on this page.