Flash Report 5 minutesRegister for Free AccessTesco 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? Register for a free user account. This document was generated for Other research you may be interested in: US CPG Sales Tracker: Health & Beauty Helps Online Growth Remain in the Mid-Teens Percentage Range in AprilUS Consumer Tracker: Consumers May Slowly Be Getting Out and About MoreCombating Inflation—Low-Income and Younger Shoppers Trade Down and Buy Less: US Consumer Survey Insights ExtraAnalyst Corner: Has the Downfall of US Drugstores Begun?—with Madhav Pitaliya
