Tesco Share Discussion Threads

[philanderer] 09/9/2024 10:55

(Sharecast News) - Aldi announced a record £800m investment to accelerate its expansion in Britain, following its strongest-ever sales performance.

The privately-owned German discount supermarket giant said the investment would support the opening of 23 new stores in the next 16 weeks, including locations in Muswell Hill, London, and Caterham, Surrey.

It would be part of a broader £1.4bn, two-year plan that would include refurbishing 100 existing stores, expanding distribution centres, and upgrading technology infrastructure to sustain growth.

Aldi said its commitment to affordability was central to its strategy, as it had cut prices on over 300 products in the last three months.

The supermarket, the self-proclaimed UK's cheapest, said it had maintained its lead in price comparisons, outperforming traditional competitors by 14%, according to Which.

Aldi's investment announcement came alongside its latest financial results for the 12 months ended last December.

It said sales surged by £2.4bn, reaching £17.9bn - a 16% increase from the prior year.

The company's pre-tax profits also jumped to £536.7m, driven by record sales and improved operational efficiencies.

Aldi said its operating profit rose to £552.9m, with a profit margin of 3.1%.

[hazl] 08/9/2024 08:58

We are much more than a grocery retail store.

Best if you find and read for yourselves, probably, as I have the paper version.

However, the stand out facts for me, are the wide ranging benefits, our cloud based picking software has become in it's own right for various different food sellers.

Transcend Retail Solutions; a Tesco subsidiary, provides software and hardware for international grocers to filfill online orders from their own store.

It also provides consultancy.


Don't even mention the loyalty card!
Well done Ken Murphy!

imo

[hazl] 08/9/2024 08:48

A very interesting piece in the ST Business today.

[hazl] 04/9/2024 10:24

Ah she rocks.

[0ll1e] 04/9/2024 03:17

Only Cafes!!!

[tuftymatt] 03/9/2024 11:40

Great to see a couple of broker upgrades in the last two days.

Good luck all 👍🏻

[philanderer] 03/9/2024 09:51

UBS raises Tesco price target to 400 (330) pence - 'buy'

[philanderer] 03/9/2024 09:32

Retail sales in the UK increased in August, boosted by rising food sales, but growth remains sluggish and the retail environment "challenging", a survey on Tuesday showed..

...Food sales increased 2.9% year-on-year over the three months to August, against growth of 8.2% a year prior. In the three months to July, food sales rose 2.6% year-on-year.


Alliance News

[philanderer] 02/9/2024 09:07

Bernstein raises Tesco price target to 390 (340) pence - 'outperform'

[johnwise] 01/9/2024 15:55

Cash is king

Post Office handles record amount of cash as customers flood in amid bank closures

[philanderer] 29/8/2024 09:08

Jefferies: Tesco interesting after re-rating


The valuation of supermarket giant Tesco (TSCO) is looking favourable despite the shares re-rating in recent weeks, according to Jefferies.

Analyst Frederick Wild retained his ‘buy’ recommendation and increased the target price from 350p to 400p on the Citywire Elite Companies AA-rated grocer, which retreated 0.6% to 349.5p on Wednesday, but is up almost a third over the past 12 months.

The first half results due in October ‘should show the continued strengthening of listed UK grocers and potentially upgrades to full-year guidance’, said Wild.

‘With the shares re-rating to an 8.3% 2025 free cashflow yield in recent weeks, we expect a large part of this upbeat first half narrative to be well understood,’ he said.

‘Nevertheless, we maintain our “buy” on a raised target price, with Tesco’s total shareholder return, visibility, and valuation all comparing favourably with the wider consumer space.’


citywire.co.uk

[johnwise] 27/8/2024 09:20

Inflation is so good for profits

"I noticed that Tesco doubled their profits during the cost-of-living crisis. Now how could that happen? I have also read that the highest price rises were on cheaper, own-brand products."

[philanderer] 25/8/2024 15:12

Tesco has stopped accepting cash at cafes in 40 stores across the UK forcing customers to pay by card at self-service machines.

The move has been slammed as "a step backwards" for some vulnerable people who may wants to order with a person, and not a screen.

[tuftymatt] 22/8/2024 10:18

Yeah it's looking really good right now hazl!!

Good luck all 👍🏻

[hazl] 22/8/2024 07:26

TSCO Is an olympic runner!

[johnwise] 21/8/2024 19:59

Madonna follows a very strict macrobiotic diet that abolishes the consumption of wheat, eggs, meats, and dairy, and extolls the benefits of something called “sea vegetables.”

Have a look at the Madonna photo in the link below not a good advert for a green diet ?

She has had a hip joint replacement.. that is usually the cause of poor diet Dr Burry explains why in the videolink below .. poor diets usually hits them with joint problems in their 60s then later part of their life so many are immobile
Madonna photo

VIDEO
Dr Berry..ARTHRITIS: Is Your Diet Causing It?


VIDEO
Low Carb Explained
Dr Mary Vernon, MD,

[johnwise] 16/8/2024 09:07

Tesco Clubcard has been named as the official national partner of Hits Radio Drive as well as the first-ever sponsor of the station’s ‘Make Me a Winner’ prize competition.

The move will see the retailer’s iconic loyalty programme become the headline partner of Hits Radio’s popular 4-7pm home time slot, which currently enjoys a meaty audience of 7 million weekly listeners.

[igoe104] 15/8/2024 16:29

Interesting article.

Whats gone wrong with asda.

[johnwise] 15/8/2024 06:22

Every supermarket in Britain has put its prices up over the last year – with one exception Aldi


The latest figures mean that prices are rising faster across the country than in previous months, but still at a slower rate than in 2022 and 2023 when households and businesses were being squeezed during the peak of the cost crisis.

According to the latest Which? statistics, Sainsbury’s has the highest levels of inflation, with prices up 5.9 per cent year on year in the month of May.

It was followed by Morrisons at 3.4 per cent, with Tesco in third on 3.2 per cent.

Aldi were the only supermarket that is cheaper than a year ago – with inflation at -0.8 per cent, which is the first time Which? has recorded negative inflation for a supermarket in its tracker.

[hazl] 14/8/2024 13:08

More than 17,000 shops are at risk of closure over the next decade unless the Labour government overhauls the business rates regime, supermarket Sainsbury’s boss and the general secretary of the biggest retail union have warned.

Simon Roberts, the chief executive of Sainsbury’s, and Paddy Lillis, the general secretary of the Union of Shop, Distributive and Allied Workers, have called on the Labour government to do away with “outmoded business rates” system.

“Retail has been transformed over the past ten years, with online sales tripling to 27 per cent of total retail sales last year. But the business rates system is unchanged, reflecting an era when virtually all shopping was done in stores. This is why since 2018 more than 6,000 stores have closed, from small independent retailers to decades-long household names. Two thirds of closed stores cite business rates as a key factor in shutting up shop.”

[johnwise] 14/8/2024 06:13

Increasing the price of food helps supermarket profit

Kantar: grocery price inflation warms up for the first time since March 2023

Take-home sales at the grocers rose by 3.8% in the four weeks to 4 August 2024 compared with a year ago, according to the latest data from Kantar. Grocery inflation increased for the first time since March 2023 to 1.8%, up from 1.6% last month.

[igoe104] 13/8/2024 08:19

Kantar latest figures. Tesco continues to gain more market share.

Britain’s largest grocer Tesco has now maintained its streak of winning share every month since August 2023.  Its hold of the market climbed by 0.6 percentage points to 27.6%, while its sales jumped by 4.9%. 

[philanderer] 11/8/2024 23:16

The Telegraph

Tesco introduces ‘passports’ for clothes as EU clampdown looms

[hazl] 09/8/2024 12:23

Interesting.