Company Earnings Update 3 minutesRegister for Free AccessTesco (LSE: TSCO) 1H20 Results: Dave Lewis To Step Down in 2020 Coresight Research October 3, 2019 Executive Summary In 1H20, Tesco reported a strong, 25% increase in adjusted operating profit, yielding an adjusted operating margin of 4.4%. In 2Q20, the closely watched measure of UK comp growth slid to (1.0)%, versus 0.4% in 1Q20 and below the (0.6)% consensus. CEO Dave Lewis is to leave in summer 2020. He will be succeeded by Ken Murphy, formerly of Walgreens Boots Alliance. 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: China Retail Unveiled: In-Depth Insights Presented at FIRA 2024 Annual MeetingDecoding the GLP-1 Trend: How Is the Ozempic Economy Impacting CPG Retail?Coresight Bites: US Store Tracker Extra—Developments in February 2023Weekly US and UK Store Openings and Closures Tracker 2023, Week 6: UK Closures Up 65%
