Company Earnings Update 4 minutesRegister for Free AccessTESCO (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? Register for a free user account. This document was generated for Other research you may be interested in: US Retail and E-Commerce—Uncovering Opportunities in a Changing Landscape: Highlights from the Market NavigatorShoppers Enter “Summer Mode”: US Consumer Tracker 2023, Week 26Market Outlook: Department Stores in China—Consumer Shift Toward E-Commerce Squeezes SalesRetail-Tech Landscape: Robotics and Automation
