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: Seasonal Shopping, 1Q25—Expectations for Valentine’s Day and Presidents’ Day: US Consumer Survey Insights ExtraAnalyst Corner—Trimming Waistlines and Spending: Exploring New Data on GLP-1’s Impact on Consumer Purchases, with John MercerRetail 2025: US Macro, Consumer and Retail OutlookUS CPG Sales Tracker: E-Commerce Sales Surge, Outpacing In-Store Growth
