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

TESCO

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Tesco : to donate unsold Valentine's Day flowers to local good causes

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02/12/2019 | 04:45am EST

12 Feb 2019

Tesco is to give its unsold Valentine's Day flowers and bouquets away to good causes this year to make sure not a single stem goes to waste.

Despite high demand for bouquets in the run up to Valentine's Day, some stems and bunches will inevitably remain unsold despite being reduced, and could be thrown away.

This year though, the supermarket will work with food redistribution charity, FareShare, to make sure any unsold blooms get to people and groups who will enjoy them. Tesco already works with the charity on their surplus food programme, Community Food Connection, which links local charities and community groups to their stores.

Following Valentine's Day, FareShare volunteers will visit Tesco stores to collect the flowers and deliver them to some of the 7000 charities and community groups FareShare works with. Even though they are slightly past their sell by date, they will still last for five more days.

Tesco Head Florist, Michelle Buck, said:

'No-one wants to see these beautiful flowers go to waste so we're delighted that this year we're going to find them deserving homes. We already work with FareShare to redistribute surplus food so it was the natural thing to do to work with them to give some Valentine's joy to those who deserve it most.'

FareShare Chief Executive Lindsay Boswell said:

'The meals that charities make with surplus food from Tesco support thousands of vulnerable people, many of whom are struggling with food poverty, illness or loneliness.

'Flowers always lift us up, and these Tesco blooms will brighten up the tables of many charities and bring smiles to the faces to the people enjoying what might be their only hot meal of the day.'

For more information please contact the Tesco Press Office on 01707 918 701
We are a team of over 440,000 colleagues dedicated to serving customers a little better every day.

Disclaimer

Tesco plc published this content on 12 February 2019 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 12 February 2019 09:44:01 UTC

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Financials (GBP)
Sales 2019 64 162 M
EBIT 2019 2 066 M
Net income 2019 1 168 M
Debt 2019 2 492 M
Yield 2019 2,21%
P/E ratio 2019 18,22
P/E ratio 2020 14,16
EV / Sales 2019 0,38x
EV / Sales 2020 0,36x
Capitalization 21 957 M
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Income Statement Evolution
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Mean consensus OUTPERFORM
Number of Analysts 19
Average target price 2,67  GBP
Spread / Average Target 19%
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Managers
NameTitle
David John Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Antony John Hoggett Chief Operating Officer
Alan James Harris Stewart Chief Financial Officer & Executive Director
Guus Dekkers Chief Technology Officer
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