Equity Research, Broker Reports, and media content on Tesco PLC

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  • 11 Oct 21
Cementing the footprint despite turbulent times!

Tesco’s H1 performance was stronger than our and the street’s expectations. The key takeaways were positive lfl in Q2, a gain in market share, step rise in operating profit and a credible plan to generate future growth. Moreover, the success in clocking price deflation (despite external headwinds) and adept supply chain management were also some noticeable developments. We remain positive on the company’s management and the stock’s prospective performance. We will improve our financial estimates

Companies: Tesco PLC
  • 06 Oct 21
FTSE 100 staggered badly in early deals on rising inflation, shortages and a general mood of pessimism
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  • 18 Jun 21
Decent start of the year

There were no major surprises in Tesco’s Q1 trading update. The group’s lfl growth of 1.0% was led by a revival in the catering business (+68.1% yoy). Online growth also remained robust at +22.0%. Management has confirmed the annual guidance. We continue to see Tesco as the healthiest amongst the UK’s ‘Big Four’ players and maintain the positive stance on the stock’s valuation.

Companies: Tesco PLC
  • 18 Jun 21
FTSE 100 heads lower into the weekend as UK retail sales disappoint
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  • 14 Apr 21
A softer closure to the year

Tesco’s preliminary results for FY20/21 were ahead of consensus but below our estimates. The strength in the UK & ROI was offset by a weak show in Central Europe and Tesco Bank. Going forward, we expect some moderation in sales but the operating profit is estimated to improve. Online is also likely to remain a key growth engine. We will be trimming the financial estimates but maintain the positive stock recommendation.

Companies: Tesco PLC
  • 14 Apr 21
Market Report: FTSE treads ground after Johnson & Johnson vaccine concerns
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  • 03 Feb 21
Looking Ahead – w/c 8th Feb 2021

Looking Ahead At The Next Week

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  • 19 Jan 21
Q3 trading update: staying ahead of the curve

Tesco has reported a strong trading performance, largely driven by the UK and ROI. Once again, online was a key growth engine with c.80% sales growth. Despite an increase in the COVID-19-related costs (+£85m to £810m for FY20/21), the company has maintained annual retail operating profit (excluding the business rate payment) to be at least equal to the previous year. We maintain a positive outlook for the stock’s valuation.

Companies: Tesco PLC
  • 13 Nov 20
FTSE falls back down to earth after vaccine injected highs
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  • 07 Oct 20
Market report: FTSE mixed after President Trump cancelled stimulus talks
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  • 12 Jul 20
Staying put amidst uncertain times

Tesco’s share price has declined over the past few weeks, and this is despite announcing strong Q1 results. While FY20/21 is likely to be a tough year (benefits of high sales volume and business rate relief offset by the spike in pandemic related expenses), we reiterate our faith in the business strength of the retailer.

Companies: Tesco PLC
  • 02 Jun 20
Morning Report: FTSE 100 rises despite steepest drop in house prices for 11 years
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  • 01 Jun 20
VSA Capital Podcast with John Allan, President of the CBI and Chairman of Tesco and Barratt Developments

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  • 09 Mar 20
Dave Lewis sells Asian business, for a premium!

Tesco has announced the disposal of its Asian business to CP Group, the largest conglomerate in Thailand. The $10.6bn cash deal (equivalent to £8.2bn) tops the market’s expectations and a healthier balance sheet should help Tesco to tackle better the increasing competition on its domestic turf. We remain positive on the stock.

Companies: Tesco PLC
  • 09 Mar 20
Morning Report: FTSE 100 collapses as oil price war erupts
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Tesco PLC

Company Profile

  • Personnel
  • Alan Stewart, CFO
  • Dave Lewis, CEO
  • John Allan, Chairman

Research, Charts & Company Announcements

Research Tree provides access to ongoing research coverage, media content and regulatory news on Tesco PLC. We currently have 128 research reports from 3 professional analysts.

Latest News/RNS

(more news)
Date Source Announcement
18May22 12:00 RNS Tesco PLC - Director/PDMR Shareholding
17May22 18:16 RNS Tesco PLC - Transaction in Own Shares
16May22 18:13 RNS Tesco PLC - Transaction in Own Shares
16May22 14:00 RNS Tesco PLC - Director/PDMR Shareholding
16May22 11:30 RNS Tesco PLC - Director/PDMR Shareholding
13May22 18:15 RNS Tesco PLC - Transaction in Own Shares
13May22 07:05 RNS Tesco Corp Treasury - Annual Financial Report
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