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| Name | Symbol | Market | Type |
|---|---|---|---|
| Tesco PLC (PK) | USOTC:TSCDY | OTCMarkets | Depository Receipt |
| Price Change | % Change | Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0.2375 | 1.91% | 12.6975 | 11.25 | 14.00 | 12.6975 | 12.50 | 12.50 | 259,101 | 21:46:40 |
From Jul 2019 to Jul 2024
By Peter Evans
LONDON--Tesco PLC on Wednesday posted its second consecutive fall in full-year profit as the U.K. retailing giant continued to struggle at home and abroad.
For the year to Feb. 22, Tesco's trading profit--which excludes property gains or losses--fell to GBP3.31 billion ($5.54 billion) from GBP3.45 billion a year earlier, on sales that were largely flat at GBP70.89 billion.
"Our results today reflect the challenges we face in a trading environment which is changing more rapidly than ever before," said Chief Executive Philip Clarke.
The British supermarket chain's market share and stock price are languishing at near-decade lows.
Tesco's tough times reflect a wider shift in the U.K. grocery sector, brought on by the rise of international discount chains Aldi Stores Ltd. and Lidl UK GmbH. They are forcing Tesco and the country's other big supermarket chains to reduce prices in a fight to retain customers.
Write to Peter Evans at peter.evans@wsj.com
Subscribe to WSJ: http://online.wsj.com?mod=djnwires
1 Year Tesco (PK) Chart |
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