Company Earnings UpdateTESCO (LSE: TSCO) FY18 Results: Profits Surge as Turnaround Efforts Continue Coresight Research April 12, 2018 Executive Summary Tesco announced a net profit of £1,208 million for FY18, representing a significant rebound from last year’s loss of £54.0 million. Revenues increased by 2.8% to £57,491 million. Statutory operating margin expanded by 140 basis points to 3.2%. The company said that it is on track to reach its previously announced target of an operating margin of 3.5%–4.0% by FY20. UK comparable sales were up by 2.2% during the year. Tesco said that there was consistent strength in fresh food, while there was a 0.4% drag from general merchandise. Diluted EPS was 14.7 pence compared to a loss per share of 0.5 pence last year. 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: High-Income Consumers’ Economic Optimism at Five-Month Low; Holiday Shopping Accelerates: US Consumer Survey InsightsWeekly US and UK Store Openings and Closures Tracker 2025, Week 1: Big Lots Set to Keep Some Stores Open in 2025Rolling Metric Continues Upward Trend: Weekly US Consumer Sentiment, Week 30, 2025—InfographicInnovator Profile: Scrollmark—Automating Social Engagement and Conversions Through Community-Led Workflows
