October 6, 2017 3 minutes

TESCO (LSE: TSCO) 1H18 Results: Sustained Growth, Better Comps, Fatter Margins

Primary Analyst: Coresight Research

Company Earnings Update

Executive Summary

Tesco reported group revenues of £28.35 billion for the first half of fiscal 2018, up 3.7% year over year and ahead of consensus.
UK comparable sales growth continued to improve in the first half.
Operating margins improved and management said that the company is on track to restore margins to 3.5%–4.0% by fiscal 2020.

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