Tesco Share Discussion Threads

[vaneric1] 18/6/2022 18:33

Unfortunate language Trev and quite unnecessary if you want to make a point, that doesn't work it just puts people who might share your point of view off.

[swiss paul] 17/6/2022 19:47

is this guy not liked:

To re-elect Bertrand Bodson as a Director

for 3,925,294,116 70.71%

against 1,625,682,078 29.29%

who he

[123trev] 17/6/2022 13:32

The post was a little dated like the response will be come on homer let’s have it I’m going in the pool soon what’s next grow your own turnips from your window ledge you lazy barstools.
.

[dogface] 17/6/2022 11:47

Did anyone say "Just Eat"????????????

[123trev] 17/6/2022 11:11

How delusional are you! Of course not everyone has access to a garden or allotment what world do you live in? Of course some people are lazy but a great many are not and struggle because their wages have been eroded away over many years and are forced to eat cheap food to survive and of course it’s a policy issue who do you think caused all this in the bloody first place.

[geckotheglorious] 17/6/2022 10:42

Spawny100
Precisely.
Every cloud has a silver lining and skipping one meal a day will surely have a positive impact on obesity and associated illnesses.

[florenceorbis] 17/6/2022 10:12

Tesco sees early signs of changing shopper behaviour

Tesco saw its group retail sales edge up 2% to £13.57 billion in the 13 weeks to 28 May, although sales in the UK fell following…

FOOD & DRINK
17 June, 2022 | by The Retail Bulletin

Tesco saw its group retail sales edge up 2% to £13.57 billion in the 13 weeks to 28 May, although sales in the UK fell following “early signs” of changing customer behaviour due to the cost of living crisis.

Sales were up 1.5% year-on-year in the UK and Ireland combined, while revenue in the region increased by 9.7% compared to pre-pandemic levels three years ago.

However, sales in the UK edged down 1.5% after the supermarket’s year-on-year performance was impacted by annualisation of lockdown last year, particularly in general merchandise, clothing and online.

Meanwhile, sales in Tesco’s central Europe business rose by 9% following continued market share growth.

Ken Murphy, Tesco chief executive, said: “Whilst the market environment remains incredibly challenging, our laser focus on value, as well as the daily dedication and hard work of our colleagues, has helped us to outperform the market.


Our material and ongoing investment in the powerful combination of Aldi Price Match, Low Everyday Prices and Clubcard Prices is removing the need for customers to shop elsewhere.”

Tesco said its Booker wholesale business put in a strong performance with retail like-for-likes rising by 2.3%.

Looking ahead, Murphy said: “Although difficult to separate from the significant impact of lapping last year’s lockdowns, we are seeing some early indications of changing customer behaviour as a result of the inflationary environment.

Customers are facing unprecedented increases in the cost of living and it is therefore even more important that we work with our supplier partners to mitigate as much inflation as possible.”

[spawny100] 17/6/2022 10:12

Tesco is a nightmare for shopping now. They've become increasingly impossible to understand their pricing with all their "specials" and now they're basically forcing everyone to have a clubcard or pay far more. We stopped shopping there years ago. Can't stand the overly complicated pricing and offers. I just want a clear price so use lidl, aldi, asda and local Polish shops.

[philanderer] 17/6/2022 10:08

Some are even unable to use frozen food from food banks as they can't afford to run a freezer at home any more.

[debsdowner] 17/6/2022 09:58

BBC survey says shopers cutting down on everything including food

[debsdowner] 17/6/2022 08:30

Tesco sees signs of chancing shopping habits means they are picks and ernt' prepared to lash out !

Or to put it in a nurtshell the company is warning of worse to come.

[spawny100] 17/6/2022 08:22

Plenty of people would actually benefit from skipping a meal as the average person eats far too many calories these days!

[johnwise] 17/6/2022 08:21

Tesco sales fall amid ‘unprecedented increases in cost of living’

UK’s largest supermarket gains market share but reports ‘changing customer behaviour’

The retailer’s comments come after more than one in five (22%) of those who took part in a recent survey said they skipped a meal or reduced the size of meals because they could not afford to buy food.

Shop prices rose in May to the fastest rate in more than a decade, according to figures from the British Retail Consortium and NielsenIQ. Food inflation leapt to 4.3% in May from 3.5% in April, the highest since April 2012.

On Thursday the Bank of England warned the headline rate of annual consumer inflation was likely to rise above 11% in October. Inflation is already running at a 40-year high of 9%.

[tuftymatt] 17/6/2022 08:10

I agree Una and also liked the fact the Jubilee should help the next figures.

For me there is no doubt all retailers are suffering and will continue to do so. That said I think Tesco has a chance of outperforming others so I hold for diversification and hedge that hold with Sainsbury’s too.

I am not expecting miracles from either of them but they pay a half decent divi and if I can get a bit of growth in the share price too in the long term then I can live with that.

[unastubbs] 17/6/2022 08:00

i feel like such a tool for talking about tesco on this thread but i am now going to comment on the update and invite people to remark themselves on said update. i thought the update was good and am encouraged that it does not cover the jubilee period when hopefully much grub and booze was purchased. UK lfl down but this has largely been expected. ditto the booker outperformance on weak 12 month comparators. retains the guidance made in the full year announcements. unsure how the market will read this given everything else that's going on but i'm happy enough and will continue holding even though i'm sitting on a loss with these. presentation and analyst Q&A 9am

www.tescoplc.com/investors/reports-results-and-presentations/results-and-presentations/

[johnwise] 17/6/2022 07:53

UK supermarket chain Tesco said it was seeing early indications of changing customer behaviour as a result of the cost of living crisis and inflationary environment as it reported a fall in first quarter sales.

Tesco said on Friday that UK like-for-like sales for the three months to 28 May had fallen 1.5% to £9.8bn. On a group basis, sales were up 2%, boosted by a strong performance at its Booker division, where revenue rose 19.4% to £2bn.