Insight Report 3 minutes PremiumTESCO 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%. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Weinswig’s Weekly: Hearing from Kroger and Ahold Delhaize at GroceryshopEarnings Insights 2Q23, Week 4: JD.com, Ross Stores, TJX and Walmart Report Strong Results; Home Depot and Target See Sales DeclineUS Consumer Tracker: Amazon Records January SlowdownHong Kong Web3 Festival: Generative AI, Standardization and Hong Kong’s Ambition To Fuel Web3 Development