Oct 2, 2019 | News, Retailing
In a surprise announcement, alongside its interim results for the period 2019/2020, Dave Lewis, current CEO of Tesco is to step down from the company next summer. In a statement, Lewis said: “Despite challenging external conditions we have delivered a very good start...
Jun 13, 2019 | News, Retailing
Tesco plc has announced its first quarter trading statement in what the multiple called a ‘subdued market.’ Commenting on its first quarter trading report Tesco’s chief executive, Dave Lewis, said: “We have had a strong start to the year, growing ahead of the UK...
Oct 4, 2018 | News, Retailing
Tesco’s latest results reveal group sales have hit £28.3bn and are up 12.8%. The UK and Republic of Ireland are driving the positive figures, with sales up 3.8%. However, Central Europe LFL sales declined by 1.5% and the retailer states this is due to the impact of...
Jun 15, 2018 | News, Retailing
Tesco has released its First Quarter Trading Statement 2018/19, and growth plans are on track with total UK and Republic of Ireland (ROI) sales up 3.5%. Tesco’s UK like-for-like sales were up 2.1% as performance improved through the quarter (after taking the timing of...
Apr 11, 2018 | News, Retailing
The latest preliminary results from Tesco show positive sales and profit growth as well as strong cash generation. Group sales are up 2.3% to £51.0bn, while UK like-for-like sales are up 2.2% with consistent strength in fresh food (0.4%). Group operating profit before...
