The H1 performance was better than our expectations – top-line was soft but operating profit outperformed. Management has announced an overhaul of the Polish operations (after scaling down the business). The discount format Jack’s is producing mixed results, although the CEO is optimistic for its future. Dave Lewis will be leaving Tesco next summer (due to personal reasons). Kevin Murphy, whose recent stint was with Walgreens Boots Alliance (as the Executive Vice President and Chi
06 Oct 2019
H1 results: gaining strength with time; CEO to leave next summer
Sign up to access
Get access to our full offering from over 30 providers
Get access to our full offering from over 30 providers
H1 results: gaining strength with time; CEO to leave next summer
Tesco PLC (TSCO:LON) | 298 -2.1 (-0.2%) | Mkt Cap: 20,941m
- Published:
06 Oct 2019 -
Author:
Nishant Choudhary -
Pages:
3
The H1 performance was better than our expectations – top-line was soft but operating profit outperformed. Management has announced an overhaul of the Polish operations (after scaling down the business). The discount format Jack’s is producing mixed results, although the CEO is optimistic for its future. Dave Lewis will be leaving Tesco next summer (due to personal reasons). Kevin Murphy, whose recent stint was with Walgreens Boots Alliance (as the Executive Vice President and Chi