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: Digital Merchandising Strategies: The Power of Automation and 3D Product Imagery in RetailEarnings Insights 2Q23, Week 1: Albertsons, Crocs, L’Oréal, Walgreens and More Post Positive Performance; Levi’s Sees Sales DeclineCES 2023: 12 Innovative Startups Seen at Pepcom Digital Experience!April 2023 US Retail Traffic and In-Store Metrics: Store-Based Sales Decline as Units Remain Negative
