Company Earnings UpdateTESCO (LSE: TSCO) FY17 Results: Exceptional Costs Lead to Net Loss Coresight Research April 13, 2017 Executive Summary Exceptional items led Tesco to report a net loss of £54 million and a loss per share of 0.49 pence in FY17. Exceptional items included a £235 million charge over historical profit misstatements. Revenues of £55.9 billion came in ahead of the consensus estimate. Stripping out exceptional items, operating profit of £1.28 billion exceeded expectations of £1.26 billion. 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: Analyst Corner: Holiday Spirit, Bigger Budgets: US Consumers’ Plans for the Fourth of July, Labor Day and the Holiday Season, with Aditya KaushikKroger and Instacart Expand Partnership To Advance Agentic Shopping and Accelerate Delivery EfficiencyNew Tariffs, New Challenges: How US Trade Policies Could Impact Prices and ProfitsRetail-Tech Landscape: Shoptalk US “Shark Reef” Startup Pitch, 2016–2025
