Log in
E-mail
Password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
Settings
Settings
Dynamic quotes 
OFFON

4-Traders Homepage  >  Equities  >  London Stock Exchange  >  Tesco    TSCO   GB0008847096

TESCO (TSCO)

SummaryQuotesChartsNewsAnalysisCalendarCompanyFinancialsConsensusRevisions 
News SummaryMost relevantAll newsSector newsTweets 

Tesco : Reports Growth in Quarterly Sales

share with twitter share with LinkedIn share with facebook
share via e-mail
0
06/16/2017 | 08:41am CEST

By Tapan Panchal

LONDON--Tesco PLC (>> Tesco) Friday reported positive like-for-like sales growth for a sixth consecutive quarter and said it is working with suppliers to offset impact of inflation.

The supermarket chain, which earlier this year agreed to buy food wholesaler Booker Group PLC (>> Booker Group) in a 3.7 billion pounds ($4.72 billion) cash and stock deal, said group like-for-like sales for the 13 weeks to May 27 grew by 1.0%, compared with 0.9% growth achieved in the year ago period. Total group sales, excluding fuel and value added tax, grew 3.6% versus 1.8% growth a year ago.

Same store sales for the retailer's core U.K. unit grew by 2.3%, versus 0.3% growth achieved a year ago. The rise in U.K. sales was mainly driven by 2.7% like-for-like sales growth in the company's food division.

"This is a good start to the year, with our sixth consecutive quarter of positive like-for-like sales growth across the group. We are confident in our plans to create long-term, sustainable value for our key stakeholders and to deliver on the ambitions we have set out," said Chief Executive Dave Lewis.

Write to Tapan Panchal at [email protected]

Stocks mentioned in the article : Tesco, Booker Group
share with twitter share with LinkedIn share with facebook
share via e-mail
0
Latest news on TESCO
06/24 TESCO : Bonus raspberry crop will support British growers and prevent food waste
06/23 TESCO : to raise store staff wages by 10.5 percent over two years
06/23 TESCO : announces record 10.5% pay increase for its store colleagues
06/23 TESCO : Form 8.5 (EPT/RI) - Tesco Plc Amendment
06/23 TESCO : Form 8.3 -
06/23 TESCO : Magnetar Financial (UK) LLP - Form 8.3 - Tesco Plc
06/23DJDIMENSIONAL FUND ADVISORS LTD. DIMEN : Form 8.3 - Tesco Plc - Ordinary Shares
06/23 TESCO : Form 8 (DD) - TESCO PLC
06/23 TESCO : Rule 2.9 Announcement - Securities in Issue
06/23 TESCO : support for Ex-service personnel making the move to a career at Tesco
More news
Sector news : Food Retail & Distribution - NEC
06/23 Exclusive - Wal-Mart not considering a bid for Whole Foods
06/23DJJEFF BEZOS : Blind Faith in Bezos May Sting Investors -- WSJ
06/22DJJEFF BEZOS : Where Bezos Leads, Amazon Shareholders Blindly Follow
06/22DJWAL-MART TO VENDORS : Get Off Amazon Cloud -- WSJ
06/21DJMARTIN SORRELL : WPP's Martin Sorrell Says Whole Foods Deal Could Up Amazon's Ad..
More sector news : Food Retail & Distribution - NEC
News from SeekingAlpha
06/20 THE EUPHORIA AND THEN THE COLLAPSE : The Burden Of Portfolio Concentration?
06/16 European grocery store names hit on AMZN-WFM news
06/01 Tracking The Hotchkis & Wiley Value Opportunities Fund - Q1 2017 Update
04/24 Should We Be Buying The Turnaround In Tesco?
04/18 FOCUS ON EUROPE : Will Marine Le Pen Become France's Next President?
Advertisement
Financials ( GBP)
Sales 2018 57 390 M
EBIT 2018 1 491 M
Net income 2018 685 M
Debt 2018 3 396 M
Yield 2018 1,94%
P/E ratio 2018 18,04
P/E ratio 2019 13,81
EV / Sales 2018 0,30x
EV / Sales 2019 0,28x
Capitalization 13 638 M
More Financials
Chart TESCO
Duration : Period :
Tesco Technical Analysis Chart | TSCO | GB0008847096 | 4-Traders
Full-screen chart
Technical analysis trends TESCO
Short TermMid-TermLong Term
TrendsBearishBearishNeutral
Technical analysis
Income Statement Evolution
More Financials
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 1,98  GBP
Spread / Average Target 19%
Consensus details
EPS Revisions
More Estimates Revisions
Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operating Officer
Alan J. H. Stewart Chief Financial Officer & Executive Director
Edmond Mesrobian Chief Technology Officer
More about the company
Sector and Competitors
1st jan.Capitalization (M$)
TESCO-19.48%17 340
SEVEN & I HOLDINGS CO...6.90%37 895
SYSCO CORPORATION-9.84%26 717
WOOLWORTHS LIMITED5.23%24 837
AHOLD DELHAIZE-14.68%24 488
LOBLAW COMPANIES LTD2.87%21 941
More Results