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. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: Weinswig’s Weekly: Let Me Be Brief—The Implications of Declining Attention SpansGroceryshop 2023 Day One: Startup Pitch Winners, Generative AI, Unified Shopping and MoreNovember 2023 US Housing Market Indicators: Mortgage Rates EaseGoogle Cloud Next 2023: Opening Keynote—Generative AI in the Spotlight
