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MarketScreener Homepage  >  Equities  >  London Stock Exchange  >  Tesco PLC    TSCO   GB0008847096

TESCO PLC

(TSCO)
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Delayed Quote. Delayed London Stock Exchange - 01/24 11:37:06 am
248.9 GBp   +2.43%
01/24Festive cheer falls flat for some British retailers
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Festive cheer falls flat for some British retailers

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01/24/2020 | 09:58am EST
A shopper walks along Oxford Street in London

Britain's retailers reported mixed results for the critical Christmas period, with major supermarkets suffering their slowest festive season in years, but others faring better.

British shoppers cut back on spending in late 2019, rounding off the worst year since at least the mid-1990s for retail sales as measured by an industry group amid uncertainty about Brexit and last month's election.

That followed relatively subdued updates from the high street following "Black Friday" sales at the end of November.

Following are highlights (with most recent items first):

SUPERMARKETS:

LIDL

The British arm of the German discount supermarket group said on Jan. 10 its total sales rose 11% in the four weeks to Dec. 29.

TESCO

Britain's biggest retailer ground out a 0.1% rise in underlying sales in its home market on Jan. 9 during what it said was a "subdued" Christmas for spending.

SAINSBURY'S

Britain's No. 2 supermarket group reported a slight drop in underlying sales on Jan. 8 as weak demand for general merchandise overshadowed solid food sales.

MORRISONS

The country's fourth-largest supermarket group reported another fall in underlying sales over Christmas on Jan. 7 as a tough economic backdrop and sustained consumer uncertainty deterred shoppers from splashing out.

ALDI [ALDIEI.UL]

The British arm of the German discount supermarket said on Jan. 6 sales growth in the four weeks to Dec. 24 was driven by strong demand for beer, wine and spirits.

RETAILERS:

ASOS

The British online fashion retailer beat analysts' expectations for sales growth in the key Christmas trading period.

WH SMITH

The British retailer's sales in the 20-week period including Christmas rose 7%, as more customers shopped at its outlets in airports and railway stations.

BURBERRY

British luxury label Burberry edged up its forecast for full-year sales on Jan. 22 after it saw strong demand for designer Riccardo Tisci's new collections in the 13 weeks to Dec. 28.

DIXONS CARPHONE

The British retailer on Jan. 21 reported flat overall underlying revenue from Christmas trading, with sales growth in electricals offset by falling mobile phone sales.

ASSOCIATED BRITISH FOODS

The company kept its annual earnings outlook on Jan. 16, partly due to solid growth at its Primark fashion chain in the Christmas period.

HALFORDS

The bicycles retailer said on Jan. 16 it sold a record number of children's bikes in the week before Christmas.

MOSS BROS

The suit retailer in Jan. 16 forecast an annual pretax loss, hurt by fewer customers visiting its stores.

N BROWN

The plus-sized fashion retailer on Jan. 16 forecast lower-than-expected annual profit, hurt by poor performance at its financial services unit and more discounting in the market.

THEWORKS.CO.UK

The gifts and stationery retailer on Jan. 16 said it saw growth in online and store sales over Christmas helped by new products and 'Frozen 2' merchandise.

QUIZ

The fast-fashion retailer on Jan. 15 said good sales over the Black Friday week had not stretched into the seven weeks covering Christmas to Jan. 4.

BOOHOO

The online fashion retailer reported robust Christmas sales on Jan. 14, outperforming rivals.

SUPERDRY

The fashion brand warned on its annual profit on Jan. 10 after sales during the Christmas period fell short of its expectations.

JOULES

The fashion retailer warned on Jan. 10 that its 2020 profit would be significantly below market expectations as online retail sales suffered during Christmas.

B&M

The company, which sells everything from furniture to food, said on Jan. 10 its sales growth slowed in the Christmas quarter due to a tough market.

CARD FACTORY

The greeting card retailer on Jan. 9 forecast lower annual earnings as the December general election and weak consumer confidence hurt its Christmas performance.

JOHN LEWIS [JLPLC.UL]

Britain's best-known store chain on Jan. 9 cut its annual profit forecast after weak Christmas sales.

MARKS & SPENCER

The retailer on Jan. 9 said its performance over the Christmas quarter was held back by waste in its food business and weak sales of menswear and gifts.

DUNELM

The homewares retailer forecast a near 20% jump in first-half earnings, as it avoided discounting during the holiday season.

NEXT

The clothing retailer raised its full-year profit forecast on Jan. 3 after a better-than-expected Christmas performance.

PUBS, RESTAURANTS, DRINKS FIRMS:

Marston's Plc

The two-century old brewer of Pedigree on Jan. 23 said it posted 4.5% growth in like-for-like sales during the two-week Christmas holiday period.

J D WETHERSPOON

The pub operator joined peer Mitchells & Butlers in reporting a strong performance during the key holiday season.

FEVERTREE

The Premium tonic water maker said on Jan. 20, that annual revenue growth of 10% would be below its expectations, hurt by subdued Christmas trading in Britain.

WHITBREAD

The Premier Inn owner on Jan. 16 reported a 1.3% drop in third-quarter UK like-for-like sales, as Britons delayed travel plans amid Brexit uncertainty.

CITY PUB GROUP

The pubs operator on Jan. 13 forecast full-year core earnings slightly below consensus, as holiday period sales were hurt by uncertainty ahead of the December election and a lacklustre Rugby World Cup.

MITCHELLS & BUTLERS

The pub and restaurant operator reported strong sales for the festive season on Jan. 9, as more diners opted for its pricier healthy menu options.

(Reporting by Tanishaa Nadkar and Aniruddha Ghosh in Bengaluru; editing by Jason Neely, Alex Richardson and Mark Potter)

Stocks mentioned in the article
ChangeLast1st jan.
ASOS PLC -3.52% 3184 Delayed Quote.-5.60%
ASSOCIATED BRITISH FOODS PLC 0.41% 2670 Delayed Quote.2.77%
B&M EUROPEAN VALUE RETAIL S.A. 1.42% 379.8 Delayed Quote.-7.71%
BOOHOO GROUP PLC 1.03% 314.2 Delayed Quote.5.47%
BURBERRY GROUP PLC 0.24% 2099 Delayed Quote.-4.81%
CARD FACTORY PLC 0.00% 90.75 Delayed Quote.-38.64%
DIXONS CARPHONE 0.79% 147.25 Delayed Quote.2.12%
DUNELM GROUP PLC 0.96% 1158 Delayed Quote.0.17%
EURO / BRITISH POUND (EUR/GBP) 0.01% 0.843 Delayed Quote.-0.34%
FEVERTREE DRINKS PLC -2.14% 1533 Delayed Quote.-26.76%
FLAGSTAR BANCORP, INC. -1.15% 37.06 Delayed Quote.-3.11%
HALFORDS GROUP PLC 0.43% 164.6 Delayed Quote.-2.78%
J D WETHERSPOON PLC 0.19% 1572 Delayed Quote.-5.47%
J SAINSBURY PLC 1.40% 209.4 Delayed Quote.-8.79%
JD SPORTS FASHION PLC 1.31% 849.2 Delayed Quote.1.41%
JOULES GROUP PLC 0.00% 204 Delayed Quote.-11.30%
MARKS & SPENCER GROUP PLC -1.44% 184.55 Delayed Quote.-13.56%
MARSTON'S PLC -5.29% 111 Delayed Quote.-12.74%
MITCHELLS & BUTLERS PLC 0.12% 406 Delayed Quote.-11.64%
MOSS BROS GROUP PLC 0.12% 20.1 Delayed Quote.-10.67%
N BROWN GROUP PLC -1.40% 91.55 Delayed Quote.-43.77%
NEXT 2.04% 7194 Delayed Quote.2.51%
QUIZ PLC 1.85% 15.15 Delayed Quote.-13.80%
SUPERDRY PLC 0.10% 401.8 Delayed Quote.-20.20%
TESCO PLC 2.43% 248.8 Delayed Quote.-2.47%
THE CITY PUB GROUP PLC -1.07% 185 Delayed Quote.-14.94%
THEWORKS.CO.UK PLC -0.21% 46.9 Delayed Quote.61.72%
WH SMITH 1.19% 2542 Delayed Quote.-2.23%
WHITBREAD PLC -1.22% 4302 Delayed Quote.-11.23%
WM MORRISON SUPERMARKETS PLC 2.99% 187.35 Delayed Quote.-6.08%
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Financials (GBP)
Sales 2020 64 427 M
EBIT 2020 2 971 M
Net income 2020 1 453 M
Debt 2020 12 108 M
Yield 2020 3,32%
P/E ratio 2020 16,6x
P/E ratio 2021 14,0x
EV / Sales2020 0,56x
EV / Sales2021 0,54x
Capitalization 24 231 M
Chart TESCO PLC
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Technical analysis trends TESCO PLC
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Mean consensus OUTPERFORM
Number of Analysts 20
Average target price 277,23  GBp
Last Close Price 248,90  GBp
Spread / Highest target 26,6%
Spread / Average Target 11,4%
Spread / Lowest Target -11,6%
EPS Revisions
Managers
NameTitle
David John Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operations Officer
Alan James Harris Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
Sector and Competitors
1st jan.Capitalization (M$)
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WOOLWORTHS GROUP LIMITED12.94%34 964
AHOLD DELHAIZE N.V.0.67%26 871
KROGER-1.90%22 569
CP ALL PUBLIC COMPANY LIMITED--.--%21 601