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

Delayed Quote. Delayed London Stock Exchange - 08/18 05:35:01 pm
176.55 GBp   -1.29%
08/18DJMAJEDIE ASSET M : Form 8.3 - Tesco Plc
08/18 MAJEDIE ASSET M : Form 8.3 - TESCO PLC
08/18 MAGNETAR CAPITA : - Form 8.3 - Tesco Plc
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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
08/18DJMAJEDIE ASSET MANAGEMENT LTD MAJEDIE : Form 8.3 - Tesco Plc
08/18 MAJEDIE ASSET MANAGEMENT LTD : Form 8.3 - TESCO PLC
08/18 MAGNETAR CAPITAL PARTNERS LP : - Form 8.3 - Tesco Plc
08/18 TESCO : Form 8.3 -
08/18 TESCO : Tackles Food Waste with Miniature Avocados
08/18 TESCO : Form 8.3 - Booker Group plc
08/18 TESCO : Form 8.5 (EPT/RI) - Tesco Plc
08/18 TESCO : Form 8 (DD) - TESCO PLC
08/18 TESCO : Rule 2.9 announcement - securities in issue
08/18 TESCO : Form 8.3 - Tesco Plc
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Financials ( GBP)
Sales 2018 57 344 M
EBIT 2018 1 493 M
Net income 2018 686 M
Debt 2018 3 397 M
Yield 2018 1,87%
P/E ratio 2018 19,10
P/E ratio 2019 14,70
EV / Sales 2018 0,31x
EV / Sales 2019 0,29x
Capitalization 14 449 M
Chart TESCO
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Tesco Technical Analysis Chart | TSCO | GB0008847096 | 4-Traders
Technical analysis trends TESCO
Short TermMid-TermLong Term
TrendsBullishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus HOLD
Number of Analysts 19
Average target price 1,99  GBP
Spread / Average Target 12%
EPS Revisions
Managers
NameTitle
David Lewis Group Chief Executive Officer & Director
John Murray Allan Non-Executive Chairman
Alan J. H. Stewart Chief Financial Officer & Executive Director
Edmond Mesrobian Chief Technology Officer
Deanna Watson Oppenheimer Senior Independent Non-Executive Director
Sector and Competitors
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