Tesco PLC
Other OTCCapital Structure
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in mil. unless spec.Company Description
- CEO
- Ken Murphy
- Full Time Employees
- 342,303
- Sector
- Consumer Defensive
- Industry
- Grocery Stores
- Address
- Tesco House Welwyn Garden City HD United Kingdom AL7 1GA
- IPO Date
- May 6, 1999
- CIK
- 0000885834
- Website
- tescoplc.com
- Similar Companies
- Business
- Tesco PLC operates as a British multinational retailer of groceries and general merchandise, offering food, drinks, clothing, electronics, household goods, health and beauty products, toys, pet supplies, and financial services through supermarkets, hypermarkets, convenience stores, and online platforms including Tesco Marketplace for third-party sellers in categories such as homeware, DIY, and furniture; it provides data science, technology, software, and consultancy services alongside its Clubcard loyalty program. Headquartered in Welwyn Garden City, England, the company was founded in 1919 and primarily serves customers in the United Kingdom with additional operations in parts of Europe and Asia through various store formats and home shopping delivery. Tesco targets everyday consumers with affordable, own-brand products including premium Finest ranges and focuses on sustainable food options across its extensive colleague base exceeding 330,000. In recent developments, Tesco completes the sale of its banking operations to Barclays in November 2024 for approximately 600 million pounds, establishing an exclusive ten-year strategic partnership to offer Tesco-branded financial products while leveraging Barclays' expertise; it reports strong first-half 2025/26 sales growth of 5.1% to 33.1 billion pounds with adjusted operating profit up 1.6% to 1.67 billion pounds and launches over 470 new own-brand products alongside improvements to 560 others, driving 16% growth in Finest sales. The company invests 667 million pounds in capital expenditure during the half, including a new semi-automated fresh food distribution center in Aylesford and an agreement for a future facility at DP World London Gateway opening in 2029 with advanced AI and automation technologies; it expands UK grocery home shopping with over 130 new delivery vans and grows Delivery Saver subscribers by 9.3% to 788,000.
Company News
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Tesco's trading update shows profits on track but like-for-like sales disappoint, yet brokers see buying opportunity
Tesco's slowdown comes with plenty of caveats from analysts
Tesco PLC (TSCDY) Q1 2027 Sales/Trading Call Transcript
Tesco backs outlook despite sales slowdown