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

TESCO (TSCO)

Delayed Quote. Delayed London Stock Exchange - 06/26 05:35:05 pm
166.8 GBp   +0.15%
02:44p TESCO : Form 8.3 -
02:26p TESCO : Magnetar Financial (UK) LLP - Form 8.3 - Tesco Plc
12:51pDJDIMENSIONAL FUN : Form 8.3 - Tesco Plc - Ordinary Shares
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Tesco : Reports Growth in Quarterly Sales

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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 tapan.panchal@wsj.com

Stocks mentioned in the article : Tesco, Booker Group
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Latest news on TESCO
02:44p TESCO : Form 8.3 -
02:26p TESCO : Magnetar Financial (UK) LLP - Form 8.3 - Tesco Plc
12:51pDJDIMENSIONAL FUND ADVISORS LTD. DIMEN : Form 8.3 - Tesco Plc - Ordinary Shares
12:49p TESCO : Form 8.5 (EPT/RI) - Tesco Plc
12:14p TESCO : to roll out one hour delivery service to customers
11:54a TESCO : Form 8 (DD) - TESCO PLC
11:14a TESCO : Form 8.5 (EPT/NON-RI) - TESCO PLC
11:14a TESCO : Form 8.5 (EPT/RI)
10:29a TESCO : Form 8.3 - Booker Group Plc
09:00aDJTESCO : Investec Bank plc Form 8.5 (EPT/RI) - Tesco Plc
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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
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Mean consensus HOLD
Number of Analysts 19
Average target price 1,98  GBP
Spread / Average Target 19%
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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
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