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    TSCO   GB00BLGZ9862

TESCO PLC

(TSCO)
  Report
Delayed Quote. Delayed London Stock Exchange - 07/27 11:35:16 am
234.4 GBX   +0.86%
07/27Tesco Bank to Close All Personal Current Accounts By End of November
DJ
07/27IBERDROLA S A : ScottishPower completes onshore wind farm project
RE
07/27MARKETMIND : Great Q2 but what's next?
RE
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SummaryMost relevantAll NewsAnalyst Reco.Other languagesPress ReleasesOfficial PublicationsSector newsMarketScreener Strategies

Tesco 1Q Retail Sales Climbed, Backs Fiscal Year 2022 Profit Outlook

06/18/2021 | 02:33am EDT

By Adria Calatayud

Tesco PLC said Friday that first-quarter retail sales grew 1% on year on a comparable basis and said that its profit outlook for the full year remains unchanged.

The U.K.'s biggest grocer by market share said retail sales for the quarter to May 29 were 13.36 billion pounds ($18.61 billion), up 1.3% on the previous year at actual currency rates.

In the U.K. and Ireland, Tesco's like-for-like sales increased 1.3% on the previous year and 8.7% on a two-year basis, it said.

The company said online demand remains high in the U.K. at 1.3 million orders per week, with first-quarter sales up 22% compared with last year and up 82% on a two-year basis.

Tesco said sales from its bank operations declined 10% for the first quarter as a whole but began to grow later in the quarter as it recovered from the effects of the coronavirus pandemic.

The company said its profit guidance from April remains unchanged. Tesco said then that it expected a strong recovery in profitability and retail free cash flow, as the majority of extra costs booked in fiscal 2021 as a result of the pandemic wouldn't be repeated.

Write to Adria Calatayud at adria.calatayud@dowjones.com

(END) Dow Jones Newswires

06-18-21 0232ET

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Financials
Sales 2022 59 200 M 82 153 M 82 153 M
Net income 2022 1 328 M 1 843 M 1 843 M
Net Debt 2022 11 165 M 15 494 M 15 494 M
P/E ratio 2022 13,2x
Yield 2022 3,97%
Capitalization 17 987 M 24 967 M 24 961 M
EV / Sales 2022 0,49x
EV / Sales 2023 0,46x
Nbr of Employees 300 000
Free-Float 97,9%
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Technical analysis trends TESCO PLC
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TrendsNeutralBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 19
Last Close Price 234,40 GBX
Average target price 282,81 GBX
Spread / Average Target 20,7%
EPS Revisions
Managers and Directors
Ken Murphy Group Chief Executive Officer & Director
Imran Nawaz Chief Financial Officer & Director
John Murray Allan Non-Executive Chairman
Guus Dekkers Chief Technology Officer
Antony John Hoggett Chief Operations Officer
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