Tesco Full Year 2024 Earnings: EPS Beats Expectations

Tesco (LON:TSCO) Full Year 2024 Results

Key Financial Results

• Revenue: UK£68.2b (up 3.7% from FY 2023).
• Net income: UK£1.76b (up 133% from FY 2023).
• Profit margin: 2.6% (up from 1.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: UK£0.25 (up from UK£0.10 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Tesco EPS Beats Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 2.6%.

Looking ahead, revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Consumer Retailing industry in the United Kingdom.

Performance of the British Consumer Retailing industry.

The company's shares are up 1.2% from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Tesco.

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