Boohoo, Greggs, Tesco — 3 Stocks to Watch This Week

This week will be a busy one for earnings updates, with three major UK retailers set to report: Boohoo, Greggs, and Tesco. 

These companies are all somewhat bellwethers for their respective sectors, so their results will be closely watched by investors. Over the next couple of months, there are a number of stocks set to post updates. Check out our earnings calendar here.

Now, let’s dive into what we are looking out for this week:


Boohoo Web Traffic – Source: Semrush
  • The less said about Boohoo’s share price, the better, with the stock down 45% in the last six months and 11% this year.
  • The online fashion retailer will release its interim results on Tuesday, October 3.
  • Rival Asos recently reported a further fall in sales, with Boohoo’s previous guidance stating they expect first-half revenues “to decline by 10% to 15%.”
  • Asos also stated that a “wet July and August produced a weaker sales result,” so that is another point to watch out for in Boohoo’s release. 
  • Margin recovery is a factor to keep an eye on.
  • Overall, given the traffic decline across many of its brands’ websites, we aren’t too positive heading into the Boohoo release.


  • Greggs will post a Q3 trading update on Tuesday, October 3. 
  • We see Greggs as more resilient to any potential downturn.
  • As mentioned in earlier articles, consumers have reacted positively to Greggs’ menu development. 
  • In addition, Greggs’ interim results demonstrated solid growth in sales drivers such as deliveries, the extension of trading hours, and its app — we expect that to continue. 
  • Greggs said in its August 1 release that it expects strong trading momentum to continue into the second half and the rate of cost inflation to ease.
  • We are positive heading into the release, but the bar is high, which is something to beware of.


Great Britain Supermarket Market Share – Source: Kantar
  • Tesco will report its interim results on Wednesday, October 4. 
  • According to Kantar, Tesco’s market share increased around 0.2% year-over-year in the 12 weeks ended September 3. 
  • Sales momentum is expected to continue after an 8.2% LFL sales increase in the 13 weeks to May 27.
  • The company’s Aldi price match feature has helped the retail giant retain customers and fend off increasing competition from discount supermarkets. 
  • With Tesco noting in its Q1 trading statement that there are “encouraging early signs inflation is starting to ease,” this could bode well for volumes, which were previously impacted.

By Sam Boughedda