Company Earnings UpdateTESCO (LSE: TSCO) FY17 Results: Exceptional Costs Lead to Net Loss Coresight Research April 13, 2017 Executive Summary Exceptional items led Tesco to report a net loss of £54 million and a loss per share of 0.49 pence in FY17. Exceptional items included a £235 million charge over historical profit misstatements. Revenues of £55.9 billion came in ahead of the consensus estimate. Stripping out exceptional items, operating profit of £1.28 billion exceeded expectations of £1.26 billion. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Breathing Space for US Retailers and Brands: US Tariffs Paused for 90 Days But Hiked Further for ChinaUS Apparel and Footwear Retailing: Market Forecast and Competitive Landscape—Digital Players, Off-Pricers and Warehouse Clubs Poised To Gain SharePlaybook: Retail’s Alternative Revenue Models—Monetizing Media, Data and InfrastructureUS Retail Sales Outlook—Preview: Latest Retail Projections in the Absence of Government Data
