Tesco

4 days ago · proactiveinvestors.com

Citi has taken a slightly negative view of Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) after Morrisons' latest quarterly results, warning of intensifying competition among the big supermarkets. Morrisons, the privately owned grocer, reported like-for-like sales up 3.2% in the 13 weeks to 26 July, a measure that strips out the effect of new store space.

18 days ago · proactiveinvestors.co.uk

UBS has reiterated its 'buy' rating on Tesco PLC (LSE:TSCO), keeping a 12-month price target of 545p and pointing to a share price return potential of 16.45%. Analysts Sreedhar Mahamkali and Angelo Mangieri made the call in a note dated 3 September, with shares trading at 468p at the time of writing.

1 month ago · proactiveinvestors.co.uk

Shares in Tesco PLC (LSE:TSCO) fell on Wednesday after Shore Capital downgraded Britain's largest supermarket group for the first time in more than three years, arguing the shares have run far enough for now. The stock was down 2.6% at 449.7p in late morning trading, valuing the FTSE 100 company at roughly £28 billion.

2 months ago · proactiveinvestors.co.uk

Shares in J Sainsbury PLC (LSE:SBRY) and Tesco PLC (LSE:TSCO) nudged lower in morning trading after figures showed the heatwave continued to weigh on shopper numbers in July. Total UK footfall fell 2.1% on a year earlier, according to data from the British Retail Consortium (BRC) and Sensormatic, which tracks visitor numbers to retail locations.

2 months ago · proactiveinvestors.co.uk

Tesco PLC's (LSE:TSCO) new partnerships with Uber Eats and Deliveroo offer another route for the supermarket to expand its online business profitably, according to analysts at Citi. The UK's largest grocer said yesterday that it will launch on Uber Eats from August and join Deliveroo later in the summer, giving customers access to groceries through two of the UK's largest delivery platforms.

2 months ago · proactiveinvestors.co.uk

Currys PLC (LSE:CURY), Tesco PLC (LSE:TSCO) and Kingfisher PLC (LSE:KGF) were among the retailers tipped to benefit from signs that UK consumer spending strengthened in June, while Primark owner Associated British Foods PLC (LSE:ABF) could be one of the main loser as shoppers increasingly bought online. Analysts at Citi said industry data from the British Retail Consortium and Barclaycard pointed to a sequential improvement in retail sales, driven by stronger demand for non-food products.

3 months ago · seekingalpha.com

Tesco Plc maintains its dominant UK market share at 28.5%, delivering robust growth and profitability despite aggressive competition from Lidl and Aldi. Profitability improved in FY26, with profit after tax up 9.67% to £1.79b, driven by the 'Save to Invest' program and operational efficiencies. Growth engines Tesco Media and Whoosh are delivering incremental upside; Whoosh UK sales grew 51% and contributed £400m in FY26 revenue.

3 months ago · proactiveinvestors.co.uk

Tesco PLC (LSE:TSCO) reported first-quarter sales that met expectations but disappointed on underlying store traffic, prompting divergent views from major brokers on the supermarket's near-term prospects. The grocer's UK like-for-like sales, which strip out new store openings and closures, increased 1.8% but fell 50 basis points short of consensus expectations, reflecting what Citi described as a slightly softer start to the quarter.

3 months ago · proactiveinvestors.co.uk

Tesco PLC's (LSE:TSCO) first-quarter update showed a slowdown in sales growth, but for investors keen to look behind the numbers, analysts had lots of good explanations. The country's biggest supermarket chain reported like-for-like sales growth at 1.8%, down from 3.1% in the previous quarter and well below the 5.1% delivered in the comparable period last year.

3 months ago · proactiveinvestors.co.uk

Tesco PLC (LSE:TSCO) reported a slowdown in first-quarter sales growth but maintained profit guidance for the current financial year after a strong performance in its core UK business. The UK's largest grocery chain said sales excluding VAT and fuel rose 1.0% to £16.8 billion in the 13 weeks to 30 May.