Tillkännagivande • Jul 09
Tesco Reportedly Considering Sale of European Business Tesco PLC (LSE:TSCO) is considering the sale of its central and eastern European operations, according to reports. The Financial Times reported that the UK’s largest supermarket group is exploring a move to find a buyer for the division and focus further on its core UK and Ireland operation. A Tesco spokesman said: “We never comment on rumour or speculation.” A potential sale would cement the group’s focus on the UK and Ireland, and bring an end to previous ambitions to be a global retail giant. Tesco launched its central and eastern European operation in Hungary in 1995 as part of a global expansion effort. However, the business has since drawn back from its international operations, most recently selling its business in Thailand and Malaysia for around £8 billion in 2020. Its stores on mainland Europe are currently the group’s only substantial operation outside of the UK and Ireland. In the region, Tesco currently employs around 22,000 people across 56 stores in Hungary, the Czech Republic and Slovakia. Tesco’s European arm saw sales grow by 0.8% to £1.14 billion in the quarter to the end of May. It came as the wider group saw growth slow amid increased “uncertainty” linked to the conflict in the Middle East. Tillkännagivande • May 15
Tesco PLC, Annual General Meeting, Jun 18, 2026 Tesco PLC, Annual General Meeting, Jun 18, 2026. Location: the heart building, shire park, al7 1tw, welwyn garden city United Kingdom Tillkännagivande • May 08
Tesco PLC Announces Resignation of Thierry Garnier as Director, Remuneration Committee, Nominations & Governance Committee and the Sustainability Committee, Effective May 6, 2026 Tesco PLC announced that Thierry Garnier has resigned as a Director of the Company with immediate effect. Thierry was appointed to the Board as a Non-executive Director in April 2021 and during his tenure he has served on the Remuneration Committee, Nominations & Governance Committee and the Sustainability Committee. Upcoming Dividend • May 07
Upcoming dividend of UK£0.097 per share Eligible shareholders must have bought the stock before 14 May 2026. Payment date: 26 June 2026. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 3.1%. Lower than top quartile of German dividend payers (4.6%). Lower than average of industry peers (3.5%). Declared Dividend • Apr 19
Final dividend of UK£0.097 announced Shareholders will receive a dividend of UK£0.097. Ex-date: 14th May 2026 Payment date: 26th June 2026 Dividend yield will be 2.7%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (53% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 21% per year over the past 9 years. However, payments have been volatile during that time. EPS is expected to grow by 25% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Tillkännagivande • Apr 17
Tesco PLC (LSE:TSCO) announces an Equity Buyback for £750 million worth of its shares. Tesco PLC (LSE:TSCO) announces a share repurchase program. Under the program, the company will repurchase £750 million worth of shares. The program is valid till April 2027. Reported Earnings • Apr 17
Full year 2026 earnings released: EPS: UK£0.28 (vs UK£0.23 in FY 2025) Full year 2026 results: EPS: UK£0.28 (up from UK£0.23 in FY 2025). Revenue: UK£73.7b (up 5.4% from FY 2025). Net income: UK£1.79b (up 12% from FY 2025). Profit margin: 2.4% (up from 2.3% in FY 2025). The increase in margin was driven by higher revenue. Like-for-like sales growth: 3.5% vs FY 2025 Revenue is forecast to grow 2.2% p.a. on average during the next 3 years, compared to a 3.9% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Feb 11
Tesco PLC (LSE:TSCO) acquired five former Amazon Fresh stores in London. Tesco PLC (LSE:TSCO) acquired five former Amazon Fresh stores in London on February 9, 2026. These sites in Kensington High Street, Hounslow, Moorgate, Aldgate East and Wembley will reopen as Tesco Express stores before the summer.
Tesco PLC (LSE:TSCO) completed the acquisition of five former Amazon Fresh stores in London on February 9, 2026. Tillkännagivande • Jan 07
Tesco PLC to Report First Half, 2027 Results on Oct 08, 2026 Tesco PLC announced that they will report first half, 2027 results on Oct 08, 2026 Tillkännagivande • Jan 01
Tesco PLC to Report Fiscal Year 2026 Results on Apr 16, 2026 Tesco PLC announced that they will report fiscal year 2026 results on Apr 16, 2026 Reported Earnings • Oct 05
First half 2026 earnings released: EPS: UK£0.14 (vs UK£0.15 in 1H 2025) First half 2026 results: EPS: UK£0.14 (down from UK£0.15 in 1H 2025). Revenue: UK£36.0b (up 3.6% from 1H 2025). Net income: UK£950.0m (down 7.0% from 1H 2025). Profit margin: 2.6% (down from 2.9% in 1H 2025). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 2.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 27% per year whereas the company’s share price has increased by 29% per year. Buy Or Sell Opportunity • Sep 02
Now 22% undervalued Over the last 90 days, the stock has risen 5.6% to €4.90. The fair value is estimated to be €6.27, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 6.2% per annum over the same time period. Buy Or Sell Opportunity • Jun 09
Now 21% undervalued Over the last 90 days, the stock has risen 4.1% to €4.54. The fair value is estimated to be €5.75, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 2.4% per annum. Earnings are also forecast to grow by 6.6% per annum over the same time period. Tillkännagivande • May 22
Tesco Announces Executive Changes Tesco UK chief executive Matthew Barnes has stepped down from his post after more than a year to pursue other opportunities. Barnes, who joined the grocery giant in March 2024, will be succeeded by chief commercial officer Ashwin Prasad, effective 30 June. Prasad’s current post will be filled by the retailer’s Ireland and Northern Ireland CEO Natasha Adams, who will take on the newly created role of chief strategy and transformation officer from 9 June. Geoff Byrne, currently chief operating officer in Ireland, will takeover Adams’ current role. Buy Or Sell Opportunity • May 22
Now 20% undervalued The stock has been flat over the last 90 days, currently trading at €4.50. The fair value is estimated to be €5.66, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 4.3% over the last 3 years. Earnings per share has grown by 25%. For the next 3 years, revenue is forecast to grow by 2.3% per annum. Earnings are also forecast to grow by 4.9% per annum over the same time period. Tillkännagivande • May 09
Tesco PLC, Annual General Meeting, Jun 12, 2025 Tesco PLC, Annual General Meeting, Jun 12, 2025. Location: the heart building, shire park, al7 1tw, welwyn garden city United Kingdom Upcoming Dividend • May 08
Upcoming dividend of UK£0.095 per share Eligible shareholders must have bought the stock before 15 May 2025. Payment date: 27 June 2025. Payout ratio is a comfortable 59% and this is well supported by cash flows. Trailing yield: 3.6%. Lower than top quartile of German dividend payers (4.4%). In line with average of industry peers (3.6%). Declared Dividend • Apr 13
Final dividend of UK£0.095 announced Shareholders will receive a dividend of UK£0.095. Ex-date: 15th May 2025 Payment date: 27th June 2025 Dividend yield will be 3.8%, which is higher than the industry average of 1.8%. Sustainability & Growth Dividend is covered by both earnings (59% earnings payout ratio) and cash flows (66% cash payout ratio). The dividend has decreased over the past 10 years, indicating a lack of growth and stability in payments. EPS is expected to grow by 28% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Apr 11
Full year 2025 earnings released: EPS: UK£0.23 (vs UK£0.25 in FY 2024) Full year 2025 results: EPS: UK£0.23 (down from UK£0.25 in FY 2024). Revenue: UK£69.9b (up 2.5% from FY 2024). Net income: UK£1.60b (down 9.1% from FY 2024). Profit margin: 2.3% (down from 2.6% in FY 2024). The decrease in margin was driven by higher expenses. Like-for-like sales growth: 3.1% vs FY 2024 Revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.0% growth forecast for the Consumer Retailing industry in Europe. Tillkännagivande • Jan 11
Tesco PLC to Report First Half, 2026 Results on Oct 02, 2025 Tesco PLC announced that they will report first half, 2026 results on Oct 02, 2025 Tillkännagivande • Jan 09
Tesco PLC to Report Q4, 2025 Results on Apr 10, 2025 Tesco PLC announced that they will report Q4, 2025 results on Apr 10, 2025 Tillkännagivande • Dec 19
Tesco PLC Appoints Chris Kennedywill as Non-Executive Director, Member of the Audit Committee and Nominations and Governance Committee, Effect from 20 February 2025 Tesco PLC announced that Chris Kennedywill be joining the Board as a Non-executive Director with effect from 20 February 2025. Chris will also be appointed as a member of the Audit Committee and Nominations and Governance Committee. To comply with provision 15 of the UK Corporate Governance Code 2024, Chris will step down from Whitbread plc at the conclusion of the 2025 AGM to ensure he has sufficient capacity to meet the needs of Tesco. Reported Earnings • Oct 06
First half 2025 earnings released: EPS: UK£0.15 (vs UK£0.12 in 1H 2024) First half 2025 results: EPS: UK£0.15 (up from UK£0.12 in 1H 2024). Revenue: UK£34.8b (up 2.9% from 1H 2024). Net income: UK£1.02b (up 16% from 1H 2024). Profit margin: 2.9% (up from 2.6% in 1H 2024). The increase in margin was driven by higher revenue. Revenue is forecast to grow 2.1% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Consumer Retailing industry in Europe. New Risk • Jun 10
New major risk - Share price stability The company's shares are highly illiquid. Its shares have only traded on 9 days in the past 3 months. This is considered a major risk. A lack of liquidity can be a big problem for shareholders. If there are not enough willing buyers of the stock, selling down a large shareholding may take a long time or it can crush the share price, potentially exposing shareholders to losses or reduced profits. It also means the share price may not be reflective of the true value of the company because there is infrequent price discovery. Currently, the following risks have been identified for the company: Major Risk Shares are highly illiquid. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Apr 11
Full year 2024 earnings released: EPS: UK£0.25 (vs UK£0.10 in FY 2023) Full year 2024 results: EPS: UK£0.25 (up from UK£0.10 in FY 2023). 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. Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Consumer Retailing industry in Europe. Over the last 3 years on average, earnings per share has increased by 23% per year but the company’s share price has only increased by 10% per year, which means it is significantly lagging earnings growth. Tillkännagivande • Apr 10
Tesco PLC Announces Board and Committee Changes Tesco PLC announced that: Byron Grote has confirmed that he plans to retire from the Board and will not stand for re-election at the Company's 2024 Annual General Meeting ('AGM') to be held on 14 June 2024; Carolyn Fairbairn will be appointed as Senior Independent Director and a member of the Audit Committee with effect from the conclusion of the Company's 2024 AGM; Karen Whitworth will be appointed as Chair of the Audit Committee and a member of the Remuneration Committee with effect from the conclusion of the Company's 2024 AGM; Melissa Bethell will be appointed a member of the Remuneration Committee with effect from the conclusion of the Company's 2024 AGM and will succeed Alison Platt as Chair of the Remuneration Committee when she steps down from the Board at the 2025 AGM; Thierry Garnier will step down from the Remuneration Committee and become a member of the Sustainability Committee with effect from the conclusion of the Company's 2024 AGM; and Melissa Bethell, Bertrand Bodson, Carolyn Fairbairn, Thierry Garnier, Caroline Silver and Karen Whitworth will become members of the Nominations and Governance Committee with effect from 1 June 2024. The appointments ensure all Non-executive Directors are fully involved in key decisions regarding Board and senior management appointments, succession planning and talent development. Board Change • Feb 12
High number of new directors There are 7 new directors who have joined the board in the last 3 years. Non-Executive Chair Gerry Murphy was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Tillkännagivande • Nov 18
Barclays Reportedly Exploring Deal for Tesco's Banking Unit Barclays PLC (LSE:BARC) has been exploring a potential acquisition of Tesco PLC (LSE:TSCO)'s banking operations, two people familiar with the matter told Reuters. The British food retailer has asked prospective buyers to submit non-binding offers for Tesco Personal Finance plc (Tesco Bank) by the end of the week, as part of efforts to shrink its financial services footprint, one of the people said. Barclays has already made an indicative bid, this person said, adding that it is particularly interested in Tesco Bank's credit card and saving account products. Other bidders are expected, people with knowledge of the process said. There is no certainty that a transaction will materialise, the people said. Tesco's banking operations could be attractive to other lenders because of the opportunity to cross-sell banking products to the grocer's customer base, the first two people said. But tough market conditions risk denting the appetite of potential buyers, one of them said. Barclays declined to comment. Tesco Plc and Tesco Bank declined to comment. Tillkännagivande • Oct 18
Tesco Reportedly Kickstarts Potential Sale of Banking Arm Tesco Plc (LSE:TSCO) has started the process for a potential sale of its banking arm, according to people familiar with the matter. The grocer has appointed Goldman Sachs Group Inc. as its adviser and begun to reach out to potential buyers, the people said, who asked not to be identified discussing a private matter. The undertaking is at an early stage, the people said. Tillkännagivande • Sep 23
Tesco PLC to Report First Half, 2024 Results on Oct 04, 2023 Tesco PLC announced that they will report first half, 2024 results on Oct 04, 2023 Tillkännagivande • Sep 02
Tesco PLC Appoints Dame Carolyn Fairbairn as Non-Executive Director HSBC Holdings plc confirmed that Dame Carolyn Fairbairn, a non-executive Director of the Company, has been appointed as a non-executive Director of Tesco PLC, with effect from 1 September 2023. Tillkännagivande • Jul 04
Tesco plc Announces Appointment of Gerry Murphy as Non-Executive Chair on 1 September 2023 Tesco PLC announces that Dr Gerry Murphy will join the Board and be appointed Chair on 1 September 2023. Gerry Murphy has extensive global leadership experience in both executive and non-executive roles. He is currently Chair of Burberry Group plc and Tate & Lyle PLC. He will step down from Tate & Lyle PLC on 1 September 2023 to ensure he has sufficient capacity to act as Chair of Tesco. He has previously served as a non-executive director of companies including British American Tobacco plc, Merlin Entertainments plc, Novar plc, Abbey National plc and Reckitt Benckiser plc. Gerry Murphy's executive career was spent in retail and other customer-focused businesses in senior leadership and commercial roles. Most recently he served as group chief executive of Kingfisher plc. He was previously chief executive of Carlton Communications plc, Exel plc and Greencore Group plc. He was also previously Chair of The Blackstone Group International Partners LLP, Blackstone's principal European entity. Tillkännagivande • Jul 03
Tesco Announces Executive Changes Tesco promoted Sarah Lawler to MD of Tesco Convenience as part of a leadership shake-up in its small stores operations. Lawler moves to Tesco Convenience from the Tesco-owned One Stop business, where she has been managing director since July 2022. Since starting out as a store manager over 20 years ago, Lawler has held a series of senior roles at Tesco, including business support director, Jack's MD and retail director for large stores in the north. She takes up the Convenience MD role from Kevin Tindall, who has now become Tesco MD for large stores. Following Lawler's return to Tesco, Stephanie Wood has taken over as One Stop's new MD. Wood took up the post last month after returning from maternity leave at Tesco, where she was acting as chief commercial Officer. Before that, her role was commercial director for fresh food and commodities. Tillkännagivande • May 20
Tesco PLC Announces Management Changes, Effective 16 June 2023 Tesco announced that John Allan will be stepping down from his role as Chair of the Board and a Director of Tesco PLC, at Tesco's AGM on 16 June 2023. John was appointed in 2015 and his tenure as Chair was due to end shortly. The Board has confirmed the appointment of Byron Grote as Interim Chair. He is currently the Senior Independent Director (SID) and Chair of the Audit Committee and will be replaced in these positions by Stewart Gilliland as SID and Karen Whitworth as Chair of the Audit Committee. These appointments are effective from 16 June 2023 and on the appointment of the new permanent Chair, each of them will revert to their prior Board position. Byron Grote will chair the Tesco 2023 AGM. Stewart Gilliland will now lead the process to appoint a permanent Chair and a further announcement will be made in due course. Tillkännagivande • May 12
Tesco PLC, Annual General Meeting, Jun 16, 2023 Tesco PLC, Annual General Meeting, Jun 16, 2023, at 10:30 Coordinated Universal Time. Location: our Heart building, Shire Park, Welwyn Garden City,Herts, AL7 1TW Welwyn Garden City Hertfordshire United Kingdom Tillkännagivande • Feb 02
Tesco PLC (LSE:TSCO) acquired Paperchase Products Limited. Tesco PLC (LSE:TSCO) acquired Paperchase Products Limited on January 31, 2023.Tesco PLC (LSE:TSCO) completed the acquisition 0f Paperchase Products Limited on January 31, 2023. Tillkännagivande • Jan 12
Tesco PLC to Report Fiscal Year 2023 Results on Apr 13, 2023 Tesco PLC announced that they will report fiscal year 2023 results on Apr 13, 2023 Tillkännagivande • Oct 07
Tesco PLC Announces the Interim Dividend, Payable on 25 November 2022 Tesco PLC announced the interim dividend has been set at 3.85 pence per ordinary share, an increase of +20.3% year-on-year and in line with policy of setting the interim dividend at 35% of the prior full-year dividend. The increase in this year's interim dividend therefore reflects the significant recovery in both retail and Tesco Bank adjusted operating profitability in the prior year. The interim dividend will be paid on 25 November 2022 to shareholders who are on the register of members at close of business on 14 October 2022 (the Record Date). Tillkännagivande • Sep 21
Tesco PLC Appoints Caroline Silver as Non-Executive Director and Member of the Audit Committee Tesco PLC announced that Caroline Silver will be joining the Board as a Non-executive Director. The appointment will take effect from 1 October 2022. She will also be appointed as a member of the Audit Committee. Tillkännagivande • Jun 17
Tesco PLC to Report Q2, 2023 Results on Oct 05, 2022 Tesco PLC announced that they will report Q2, 2023 results on Oct 05, 2022 Tillkännagivande • May 13
Tesco PLC, Annual General Meeting, Jun 17, 2022 Tesco PLC, Annual General Meeting, Jun 17, 2022, at 13:00 Coordinated Universal Time. Location: Heart building, Shire Park, Welwyn Garden City Herts United Kingdom Tillkännagivande • Feb 12
Tesco Confirms De-Listing from Euronext Dublin Further to the announcement made on 13 January 2022, Tesco PLC confirmed that the listing of the Company's ordinary shares of 6 1/3 pence each on Euronext Dublin has been cancelled with effect from 8.00am 11 February 2022. The delisting does not affect the Company's premium listing on the London Stock Exchange and the Company's ordinary shares remain admitted to trading on the London Stock Exchange's Main Market. The delisting will have no impact on Tesco PLC's day-to-day business operations in Ireland. Tillkännagivande • Jan 14
Tesco Makes Application to Euronext Dublin for the Delisting of Ordinary Shares from Euronext Dublin On 13 January 2022, Tesco PLC made an application to Euronext Dublin for the delisting of its ordinary shares of 6 1/3 pence each from Euronext Dublin. The delisting will simplify regulatory compliance obligations of Tesco PLC. Any delisting of Tesco PLC's ordinary shares from the Irish market is subject to the approval of Euronext Dublin and would have no impact on Tesco PLC's day-to-day business operations in Ireland. It is anticipated that the delisting will take effect on or around 11 February 2022. Tillkännagivande • Jan 13
Tesco PLC Provides Earnings Guidance for the Year 2022 Tesco PLC provides earnings guidance for the year 2022. For the period, the company reported that as a result of stronger than expected sales to date, the company now expects retail operating profit slightly above the top-end of previous £2.5 billion to £2.6 billion guidance range; the company also expects Bank operating profit to be between £160 million and £200 million, due to the effect of more favorable economic forecasts on provision for expected credit losses. Reported Earnings • Oct 08
First half 2022 earnings released: EPS UK£0.11 (vs UK£0.051 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: UK£30.4b (up 5.9% from 1H 2021). Net income: UK£830.0m (up 112% from 1H 2021). Profit margin: 2.7% (up from 1.4% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 2% per year, which means it is well ahead of earnings. Recent Insider Transactions • Aug 06
Non-Executive Chairman recently bought €55k worth of stock On the 28th of July, John Allan bought around 20k shares on-market at roughly €2.75 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of €245k worth in shares. Recent Insider Transactions • Jul 31
Non-Executive Chairman recently bought €55k worth of stock On the 28th of July, John Allan bought around 20k shares on-market at roughly €2.75 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of €245k worth in shares. Executive Departure • Jun 24
Senior Independent Director Deanna Oppenheimer has left the company On the 19th of June, Deanna Oppenheimer's tenure as Senior Independent Director ended after 9.3 years in the role. As of March 2021, Deanna still personally held 187.83k shares (€512k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Executive Departure • Jun 24
Independent Non-Executive Director Mark Armour has left the company On the 19th of June, Mark Armour's tenure as Independent Non-Executive Director ended after 7.8 years in the role. As of March 2021, Mark still personally held 39.47k shares (€108k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Executive Departure • Jun 24
Independent Non-Executive Director A. B. Olsson has left the company On the 19th of June, A. B. Olsson's tenure as Independent Non-Executive Director ended after 6.6 years in the role. As of March 2021, A. B. still personally held 44.98k shares (€123k worth at the time). A total of 5 executives have left over the last 12 months. The current median tenure of the management team is 3.17 years. Tillkännagivande • May 28
TESCO Launches Service to Deliver Groceries to Customers Within an Hour TESCO is launching a service to deliver groceries to customers within an hour. The retailer is testing the Whoosh service at its Wolverhampton Willenhall Express store, to assess potential for expansion. The supermarket chain has seen soaring online growth during the pandemic but has so far refrained from following rivals into on-demand groceries. Major retailers, including Morrisons, Aldi and the Co-op, also use delivery operators such as Deliveroo and Uber Eats to supply customers. Tesco said customers can order on-demand via its app or website, with products delivered by bike, moped or car, with a £5 delivery fee. Recent Insider Transactions • Apr 18
Non-Executive Chairman recently bought €115k worth of stock On the 14th of April, John Allan bought around 44k shares on-market at roughly €2.59 per share. This was the largest purchase by an insider in the last 3 months. John has been a buyer over the last 12 months, purchasing a net total of €190k worth in shares. Reported Earnings • Apr 18
Full year 2021 earnings released: EPS UK£0.094 (vs UK£0.096 in FY 2020) The company reported a poor full year result with weaker earnings and profit margins, although revenues were flat. Full year 2021 results: Revenue: UK£57.9b (flat on FY 2020). Net income: UK£717.0m (down 2.6% from FY 2020). Profit margin: 1.2% (down from 1.3% in FY 2020). Like-for-like sales growth: 6.3% vs FY 2020 Over the last 3 years on average, earnings per share has fallen by 13% per year whereas the company’s share price has fallen by 8% per year. Tillkännagivande • Mar 17
Salling Group A/S completed the acquisition of Tesco Polska Sp. z o.o. from Tesco PLC (LSE:TSCO). Salling Group A/S agreed to acquire Tesco Polska Sp. z o.o. from Tesco PLC (LSE:TSCO) for enterprise value of approximately £181 million on June 18, 2020. The total consideration is settled in cash. The acquisition includes sale of 301 stores together with the associated distribution centres and head office. Following completion, there will be a transition period of up to 18 months, during which time, Tesco stores in Poland will be converted to Netto. In the year 2019, Tesco Polska Sp. z o.o. recorded a sales of £1.4 billion and operating loss of £24 million. The transaction is subjected to approval of Polish Office of Competition and Consumer Protection, which will be finalized by fourth quarter of 2020. As of July 7, 2020, Transaction is subject to approval from the European Commission. As on August 26, 2020, the European Commission has referred to the Polish national competition authority the assessment of the transaction. The evidence gathered by the Commission confirmed that the conditions for a full referral under Article 9 of the EU Merger Regulation were fulfilled and that the Polish Office of Competition and Consumer Protection is best placed to assess the effects of the transaction in Poland. The Commission has therefore decided to refer the case to Poland. On March 12, 2021, Tesco is pleased to confirm that the Polish Competition Authority has approved the sale. Transaction is expected to close in current financial year. As of October 7, 2020, the transaction is expected to close in Spring 2021. Transaction is expect completion before the end of March 2021. Proceeds from the sale will be used for general corporate purposes.
Alisdair Gayne, Omar Faruqui and Osman Akkaya of Barclays Bank PLC acted as financial advisors to Tesco Polska Sp. z o.o. Ernst & Young LLP (UK) acted as a financial due diligence provider to Tesco PLC.
Salling Group A/S completed the acquisition of Tesco Polska Sp. z o.o. from Tesco PLC (LSE:TSCO) on March 16, 2021. Is New 90 Day High Low • Feb 28
New 90-day low: €2.72 The company is down 16% from its price of €3.23 on 30 November 2020. The German market is up 7.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €6.10 per share. Valuation Update With 7 Day Price Move • Feb 22
Investor sentiment deteriorated over the past week After last week's 21% share price decline to UK£2.79, the stock is trading at a trailing P/E ratio of 17x, down from the previous P/E ratio of 21.5x. This compares to an average P/E of 22x in the Consumer Retailing industry in Europe. Total returns to shareholders over the past three years are 29%. Is New 90 Day High Low • Feb 04
New 90-day high: €2.81 The company is up 19% from its price of €2.36 on 05 November 2020. The German market is up 16% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 7.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.52 per share. Tillkännagivande • Jan 25
Tesco PLC, Annual General Meeting, Feb 11, 2021 Tesco PLC, Annual General Meeting, Feb 11, 2021. Is New 90 Day High Low • Dec 28
New 90-day high: €2.80 The company is up 19% from its price of €2.36 on 29 September 2020. The German market is up 7.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is up 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €5.65 per share. Valuation Update With 7 Day Price Move • Dec 28
Investor sentiment improved over the past week After last week's 15% share price gain to UK£2.80, the stock is trading at a trailing P/E ratio of 22x, up from the previous P/E ratio of 19.1x. This compares to an average P/E of 20x in the Consumer Retailing industry in Europe. Total returns to shareholders over the past three years are 29%. Tillkännagivande • Dec 20
C.P. Retail Development Company Limited, Tesco Holdings B.V. and Tesco PLC (LSE:TSCO) completed the acquisition of a 30% stake in Tesco Stores (Malaysia) Sdn. Bhd. from Sime Darby Allied Products Berhad. C.P. Retail Development Company Limited, Tesco Holdings B.V. and Tesco PLC (LSE:TSCO) entered into a conditional agreement to acquire a 30% stake in Tesco Stores (Malaysia) Sdn. Bhd. from Sime Darby Allied Products Berhad for MYR 300 million on April 22, 2020. The disposal is part of a larger deal between Tesco PLC and Thailand's C.P. Group (CP) signed in March 2020, to sell Tesco PLC's businesses in Thailand and Malaysia to CP for an enterprise value of $10.6 billion. This transaction is conditional upon the approval of the Malaysian Ministry of Domestic Trade and Consumer Affairs, the sale of Tesco BV's shares in Tesco Malaysia and the sale of Tesco's Thai business to CP. The transaction was approved by Malaysian Ministry of Domestic Trade and Consumer Affairs on November 10, 2020. As on December 9, 2020, the transaction was approved by Office of Trade Competition Commission in Thailand, further which no conditions are outstanding. The proposed disposal is expected to complete in second half of 2020. The transaction is expected to complete on or around December 18, 2020. HSBC Bank Malaysia Berhad acted as financial advisor to Sime Darby Allied Products Berhad.
C.P. Retail Development Company Limited, Tesco Holdings B.V. and Tesco PLC (LSE:TSCO) completed the acquisition of a 30% stake in Tesco Stores (Malaysia) Sdn. Bhd. from Sime Darby Allied Products Berhad on December 18, 2020. Tillkännagivande • Dec 11
Tesco PLC Announces Karen Whitworth Will Be Joining the Board as A Non-Executive Director Tesco PLC announced that Karen Whitworth will be joining the Board as a Non-executive Director. The appointment will take effect from 18 June 2021. She will also be appointed as a member of the Audit Committee and Corporate Responsibility Committee. Karen is currently a non-executive director of Pets at Home Group Plc, The Rank Group plc and Tritax Big Box REIT plc. She is also a non-executive director of Whitworth Corporate Holdings Limited and an independent adviser to GrowUp Urban Farms Limited. Previously she was a supervisory board member and member of the audit committee at GS1 UK Limited. Karen spent over 10 years at J Sainsbury plc, latterly as a member of the commercial board and director of Non-Food Grocery and New Business. Prior to joining J Sainsbury in 2007, she was Finance Director at online entertainment business BGS Holdings Limited and held a number of senior roles at Intercontinental Hotels Group Plc. Her early career was spent at Coopers Lybrand (now PwC), where she qualified as a Chartered Accountant. Is New 90 Day High Low • Nov 19
New 90-day high: €2.56 The company is up 2.0% from its price of €2.51 on 20 August 2020. The German market is up 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Consumer Retailing industry, which is flat over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.51 per share. Is New 90 Day High Low • Oct 29
New 90-day low: €2.26 The company is down 7.0% from its price of €2.43 on 30 July 2020. The German market is down 5.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is down 1.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.56 per share. Recent Insider Transactions • Oct 13
Independent Non-Executive Director recently bought €164k worth of stock On the 8th of October, Simon Patterson bought around 70k shares on-market at roughly €2.32 per share. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €238k more in shares than they have sold in the last 12 months. Reported Earnings • Oct 08
First half earnings released Over the last 12 months the company has reported total profits of UK£1.03b, down 6.4% from the prior year. Total revenue was UK£65.0b over the last 12 months, up 1.0% from the prior year. Analyst Estimate Surprise Post Earnings • Oct 08
Semi-annual earnings released: Revenue misses expectations Semi-annual revenue missed analyst estimates by 7.1% at UK£28.7b. Revenue is expected to shrink by 8.7% over the next year, compared to a 2.6% growth forecast for the Consumer Retailing industry in Germany. Tillkännagivande • Oct 07
Tesco PLC Appoints Imran Nawaz as Chief Financial Officer Tesco PLC announced that further to the CFO retirement announcement dated 2 June 2020, Imran Nawaz will join the Board as CFO in April 2021. Imran Nawaz has a proven track record of financial leadership and extensive knowledge of the global food industry as CFO and executive director of Tate & Lyle and Senior Vice President of Finance for Mondelez Europe He started his career with Deloitte and then with Philip Morris in corporate audit. Is New 90 Day High Low • Oct 03
New 90-day low: €2.32 The company is down 6.0% from its price of €2.46 on 03 July 2020. The German market is up 1.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Consumer Retailing industry, which is up 2.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €4.55 per share. Tillkännagivande • Sep 30
Safeway, Inc. (NYSE:SWY) acquired the remaining 43.8% stake in GroceryWorks from Tesco plc and other shareholders. Safeway, Inc. (NYSE:SWY) acquired the remaining 43.8% stake in GroceryWorks from Tesco plc and other shareholders on October 3, 2006. The financial terms of the deal were not disclosed. Tesco sold 38.5% stake in the transaction. Safeway already owned 56.2% stake in GroceryWorks. Latham & Watkins acted as legal advisor to Safeway Inc.
Safeway, Inc. (NYSE:SWY) completed the acquisition of the remaining 43.8% stake in GroceryWorks from Tesco plc and other shareholders on October 3, 2006. Tillkännagivande • Sep 26
Salling Group A/S agreed to acquire Tesco Polska Sp. z o.o. from Tesco PLC (LSE:TSCO) for approximately £165 million. Salling Group A/S agreed to acquire Tesco Polska Sp. z o.o. from Tesco PLC (LSE:TSCO) for approximately £165 million on June 18, 2020. The total consideration is settled in cash. The acquisition includes sale of 301 stores together with the associated distribution centres and head office. In the year 2019, Tesco Polska Sp. z o.o. recorded a sales of £1.4 billion and operating loss of £24 million. The transaction is subjected to approval of Polish Office of Competition and Consumer Protection, which will be finalized by fourth quarter of 2020. As of July 7, 2020, Transaction is subject to approval from the European Commission. As on August 26, 2020, the European Commission has referred to the Polish national competition authority the assessment of the transaction. The evidence gathered by the Commission confirmed that the conditions for a full referral under Article 9 of the EU Merger Regulation were fulfilled and that the Polish Office of Competition and Consumer Protection is best placed to assess the effects of the transaction in Poland. The Commission has therefore decided to refer the case to Poland. Transaction is expected to close in current financial year. Proceeds from the sale will be used for general corporate purposes. Alisdair Gayne, Omar Faruqui and Osman Akkaya of Barclays Bank PLC acted as financial advisors to Tesco Polska Sp. z o.o. Ernst & Young LLP (UK) acted as a financial due diligence provider to Tesco PLC. Tillkännagivande • Jun 19
Salling Group A/S agreed to acquire Polish business of Tesco for approximately PLN 820 million. Salling Group A/S agreed to acquire Polish business of Tesco for approximately PLN 820 million on June 18, 2020. The transaction is subject to antitrust approval. The transaction is expected to be completed in the current financial year. 
