Company Earnings UpdateTesco (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: US Online Grocery Survey 2025: Full-Basket Orders Increase as Delivery Retains Its DominanceShoptalk Spring 2025: Day Three—Community Building, Earning Loyalty and Enhancing Search Are Top of MindUS Holiday 2025: Early Outlook—Improving Signals, But Will It Last?Innovator Profile: ReFiBuy—Solving Research-Find-Buy E-commerce Challenges with Agentic AI
