April 13, 2017 4 minutes

TESCO (LSE: TSCO) FY17 Results: Exceptional Costs Lead to Net Loss

Primary Analyst: Coresight Research

Company Earnings Update

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