Insight Report 4 minutes PremiumTesco (LSE: TSCO) 1H17 Results: Comps Strengthen as Volumes and Transaction Numbers Grow Coresight Research October 6, 2016 Executive Summary UK grocery giant Tesco reported 1.4% growth in first-half revenues to £27.34 billion, trailing the consensus estimate of £27.77 billion. UK comps strengthened to +0.6% and group comps improved to 1.0% at constant exchange rates. Comparable sales growth improved sequentially across the first half, and 2Q UK comps beat consensus. The gross margin grew and the SG&A ratio declined, leading the operating margin to climb to 2.2% before exceptional items, the net loss to fall and the loss per share to decline. EPS, before exceptionals, beat consensus. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Market Outlook: UK Home-Improvement Retailing—Easing Market Conditions and Pent-Up Demand To Support Sales GrowthFebruary 2023 Leading Indicators of US Retail Sales: Projecting Soft Retail Growth Ahead of Midyear UptickUS Consumer Tracker: Conflicting Trends in Behavior, Plus an Early Look at Memorial Day PlansHome and Home-Improvement Retail: Key Factors Influencing US Shoppers