Insight ReportTESCO Results (LSE: TSCO) UK Comp Growth Levelling Off, Though Company Remains “On Course” to Hit Margin Target Coresight Research October 4, 2018 Executive Summary Tesco reported UK comparable sales growth of 2.3% in 1H19, level with that seen in 2H18. 2Q19 UK comps came in ahead of expectations. The company reported an adjusted operating margin of 2.9% versus 2.6% in the year-ago period and stated that it was “on track” to achieve its ambition of a 3.5%–4.0% operating margin by FY20. Further adjusted to exclude the now-discontinued Tesco Direct general-merchandise operation, the company said its 1H19 operation margin came in at 3.0%. Already a subscriber? Log in You are currently viewing a preview of this report. Please select an access option to view the full report. Hide Options - Show Options + Get unlimited access to all our research with one of our subscription plans. View Subscription Plans or Contact us to purchase this report. Contact us ✕ This document was generated for Other research you may be interested in: US Tariffs: Divergence Between Consumer and Business Sentiment and What It Means for RetailWeekly UK Store Openings and Closures Tracker 2025, Week 43: Gap Returns To Physical StoresThree Data Points We’re Watching This Week, Week 4: US Store Openings and Closures—2024 ReviewAnalyst Corner: Understand Who Shops Where in US Retail, with John Mercer
