Flash ReportTesco First Half: The Reset Starts to Bear Fruit Coresight Research October 7, 2015 Executive Summary In the first half of fiscal year 2016, Tesco’s group sales (excluding fuel) were down 1.9% in British pounds, or down 0.3% at constant exchange rates. UK comps were down 1.1%, but maintained the improving trend seen in the second half. International comps were positive, at 1.0%, on a continuing operations basis. Group operating profit pre-exceptionals was down 54.6% year over year, to £354 million. This yielded a first-half operating margin of 1.5%, an improvement on the fiscal year 2015 margin of (0.5)%. 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: Lower-Income Consumers’ Economic and Financial Sentiment Improves: US Consumer Survey InsightsHigher-Income Consumers’ Economic Sentiment Dives: Weekly US Consumer Sentiment, Week 45, 2025—Data GraphicWeekly UK Store Openings and Closures Tracker 2025, Week 50: Watches of Switzerland Closes 10 StoresWeekly UK Store Openings and Closures Tracker 2025, Week 46: Store Openings Down 11% Year Over Year
