October 20, 2017 10:46 AM ET

Food and Staples Retailing

Company Overview of Tesco PLC

Company Overview

Tesco PLC, together with its subsidiaries, operates as a grocery retailer. The company also provides retail banking and insurance services. It has operations in the United Kingdom, the Republic of Ireland, the Czech Republic, Hungary, Poland, Slovakia, Malaysia, Thailand, and internationally. The company serves its customers through 6,902 stores, as well as online. Tesco PLC was founded in 1919 and is based in Welwyn Garden City, the United Kingdom.

Tesco House

Shire Park

Kestrel Way

Welwyn Garden City,  AL7 1GA

United Kingdom

Founded in 1919

464,520 Employees


44 800 505555

Key Executives for Tesco PLC

Group CEO & Director
Age: 52
Total Annual Compensation: 3.6M GBP
CFO & Executive Director
Age: 57
Total Annual Compensation: 2.0M GBP
Compensation as of Fiscal Year 2017.

Tesco PLC Key Developments

Tesco PLC Announces Interim Dividend, Payable on 24 November 2017

Tesco PLC announced interim dividend of 1.0 pence per ordinary share. The interim dividend will be paid on 24 November 2017 to shareholders who are on the register of members at close of business on 13 October 2017.

Tesco PLC Reports Unaudited Consolidated Earnings Results for the Half Year Ended 26 August 2017; Provides Earnings Guidance for the Year 2018

Tesco PLC reported unaudited consolidated earnings results for the half year ended August 26, 2017. For the period, the company reported revenue of £28,348 million against £27,338 million a year ago. Operating profit was £885 million against £515 million a year ago. Profit before tax was £562 million against £71 million a year ago. Profit for the period was £635 million against loss of £100 million a year ago. Profit attributable to owners of the company was £637 million against loss of £9 million a year ago. Diluted earnings per share from continuing and discontinued operations were 7.79 pence against loss per share of 1.12 pence a year ago. Profit for the period from continuing operations was £424 million or 5.21 pence per share against £31 million 0.42 pence per share a year ago. Net cash generated from operating activities was £1,087 million against £900 million a year ago. Purchase of property, plant and equipment, investment property and non-current assets was £719 million against £486 million a year ago. Purchase of intangible assets was £106 million against £76 million a year ago. For the year 2018, the company expects CapEx annually to remain between £1.1 billion and £1.4 billion. The tax this year to be around 25%, in line with last year. However, anticipate this to reduce to around 20% in the medium term.

Tesco PLC, H1 2018 Fixed Income Call, Oct 04, 2017

Tesco PLC, H1 2018 Fixed Income Call, Oct 04, 2017

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Recent Private Companies Transactions

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Kingsmead Business Park on Howland Road

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