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: Head-to-Head in US Warehouse Club Retailing: Costco vs. Sam’s ClubUS Consumer Tracker: Consumers Move Grocery Shopping OnlineMarket Navigator: US Apparel and Footwear Retailing—Discounters Poised for Growth Amid Challenging BackdropChina Retail Insights: Countdown to Singles’ Day 2024, Three Months To Go—Brands Connect with Shoppers Through AI and Livestreaming
