ADVFN Logo

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for charts Register for streaming realtime charts, analysis tools, and prices.

TSCO Tesco Plc

298.90
0.70 (0.23%)
Last Updated: 12:22:21
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Tesco Plc LSE:TSCO London Ordinary Share GB00BLGZ9862 ORD 6 1/3P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.70 0.23% 298.90 298.90 299.00 300.00 298.60 298.60 1,668,525 12:22:21
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Grocery Stores 65.76B 744M 0.1046 28.60 21.28B

Tesco 1Q Comparable Revenue Rose, But UK Sales Fell -- Update

17/06/2022 8:11am

Dow Jones News


Tesco (LSE:TSCO)
Historical Stock Chart


From Mar 2022 to Mar 2024

Click Here for more Tesco Charts.

By Sabela Ojea

 

Tesco PLC said Friday that like-for-like sales rose in the first quarter of fiscal 2023, although U.K. revenue had a hit on an on-year basis, and noted that its full-year guidance for its profit and cash performance remains unchanged.

The British grocer said like-for-like sales excluding value-added tax and fuel for the three months ended May 28 increased by 2% to 13.57 billion pounds ($16.76 billion). Sales in the U.K. fell by 1.5% to GBP9.88 billion in the period, it said.

Tesco said it gained 37 basis points in market share growth in the U.K. despite the lower sales. The company said its performance was affected by the annualization of last year's pandemic-related lockdown, which was partially offset by inflation.

Regarding its performance in Ireland, Tesco said that sales fell by 2.4%. It noted that sales in Central Europe rose by 9%.

"Our material and ongoing investment in the combination of Aldi Price Match, Low Everyday Prices and Clubcard Prices is removing the need for customers to shop elsewhere...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," Chief Executive Ken Murphy said.

 

Write to Sabela Ojea at sabela.ojea@wsj.com; @sabelaojeaguix

 

(END) Dow Jones Newswires

June 17, 2022 02:56 ET (06:56 GMT)

Copyright (c) 2022 Dow Jones & Company, Inc.

1 Year Tesco Chart

1 Year Tesco Chart

1 Month Tesco Chart

1 Month Tesco Chart

Your Recent History

Delayed Upgrade Clock