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.
12 Jul 2020
Staying put amidst uncertain times
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Staying put amidst uncertain times
Tesco PLC (TSCO:LON) | 282 -3.7 (-0.5%) | Mkt Cap: 19,843m
- Published:
12 Jul 2020 -
Author:
Nishant Choudhary -
Pages:
4
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.