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How many years has Tesco declared strong results only for the share price to plunge 15-20p? I'd be wary of preliminary reports until all the bovine dung has been washed away and the results properly inspected. Here's hoping anyway
In fact digital look is expecting 1.7bn profit from 64bn revenue. It's a big ask but here's hoping
Will Wednesday’s full year results be Tesco’s finest?
A big reason for the firm’s strong 2019 showing was January’s trading update, where Tesco posted its best Christmas performance for 10 years. UK like-for-like sales rose 2.2% over the 6 week holiday period to January 5th, with overall group LFLs up 1.5%.
If Tesco is to avoid disappointing investors on Wednesday, then it needs its fourth quarter like-for-likes to be closer to its Christmas performance, rather than the sharp slowdown incurred across Q3. As for its full year forecasts, analysts are expecting a 12% rise in group revenue (excluding VAT, including fuel) to £64.5 billion, alongside a 21.7% surge in statutory pre-tax profit to £1.58 billion.
Read what Spreadex analysts have to say, or watch a 60 second earnings preview video, here: https://spreadex.com/?tid=389476
I love the high street but the idea that you can hold back online sales is King Canute stuff. The high street will have to reinvent itself as an entertainment and service centre, possibly with many retail properties being converted into residential units. The government could help the transition by providing support for local councils who reduce rates on reopened properties. Very glad to see Tesco back on the up, long may it prosper.
Market share changes are negligible and let’s not forget is NOT all about market share it’s about results and performance.
Interesting stats out today, from Kantar, which show Tesco has lost more grocery marketshare in the past year up to Q1 2019. And Aldi has finally overtaken Morrisons by total customers and moved into 4th spot for the first time! The UK supermarket industry continues to go post-retail and to shrink. Not a good investment.
Upcoming events*
10 April 2019 Preliminary results announcement 2018/19
2 October 2019 Interim results announcement 2019/20
Anyone know when the end of year results are due, is it Thur this week, can not find any info anywhere to confirm a date. TIA :)
Today’s the day Theresa May reveals that Brexit is the most convincing April Fools prank ever played. haha.
p.s. The poster below me needs to take a chill pill.
Tesco has promoted Jason Godley to BWS director,
Godley, formerly category director for impulse & one stop, has replaced Rob Cooke.
Godley has worked for Tesco for over 20 years and is no stranger to booze.
From 2002 to 2004 he was a senior buying manager for beer, before being promoted to category manager for wine, a role he stayed in for almost four years before moving over to global business units in 2008.
It comes as Tesco next week will roll out a major update to its beer aisles, drafting in a slew of outré brews from the likes of Magic Rock, Fourpure and Wild Card.
Very interesting video about Tesco in the United States Of America.
https://www.youtube.com/watch?v=TIVy1iFePro
Very different shopping habits from our American Brothers' and Sister'
I completely understand your point . But with food and virtually anything you want from just a few taps away its so much quicker and quite often it can be delivered within 2 hrs. Also it's sometimes cheaper to. I went to buy an item the other week from Debenhams, went into the store and was just about to buy. I got told buy an assistant at the checkout that If I brought it via the internet I can pick it up within 10 mins from click and collect it was £10 cheaper and when I picked it up I got a 20% off voucher for next time. It's completely f****ed up but I saved myself some money buy ordering online. Unfortunately its the way of the world now. But in all honestly I still like to go out and buy my shopping.
Hopefully may get past and stay past the 2.30 barrier, but until brexits sorted more fluctuations no doubt. Sank about 4p yesterday.
With regards to the highstreets, I think up and down the country they are dying fast and only populated by the elderly. Give it 10-15 years and who knows what will be left. Used to go in and try clothes on but can save petrol by it all being delivered next day or even same day.
Just bookies and charity shops nowadays, not particularly enticing. More a reflection on today's society.
Back on Tesco share track if it gets back to 2.50 which it should be which I believe is a fair price for it, I'll bail and leave retail well alone. April 10th may provide a boost.
We are destroying our shops and High Street , by basically being lazy and pushing a few buttons , we will live to regret it. Cities like Liverpool are becoming ghost towns , so much boarded up , and Southport looks derelict , once a wonderful destination..On line shopping should be stopped.!
Ocado said average orders per week rose 11.3 percent to 314,000, though average order size edged 0.2 percent lower to 110.24 pounds.
https://uk.finance.yahoo.com/news/uks-ocado-sales-growth-held-071449593.html
So Ocado is getting 340,000 orders a week with an average basket size of £110.
Has Tesco been left to supply the people with no money with food with very little profit margin.
If so is this government orchestrated as all companies in a capitalist system are meant to be profit seeking.
Hence when I see goods being sold at below cost value (whether they be loss leaders or for another reason) it makes me realise capitalism is over and we are already living in a different period of history.
Our current society violates/contradicts so many of the tenets necessary for capitalism that I will no longer use the term capitalism anymore - it doesn't exist anymore if listed companies are going to allow imbeciles to set the prices of their goods.
Ocado is valued at nearly half the market capitalisation of Tesco - it must be a joke/bad dream?
As a result of Lidl fatigue (limited and missing stock), I've now gone back to shopping at Tesco. Price-wise I have not noticed any difference - my bill is about the same. When I want something a bit special I still pop into M&S.
in answer to worldgoround . I was looking at it from the point of veiw , of logic . while your emaciated body and brain seem to have lost the plot . Never make assumtions about people you have not even met , you usually live to regret that or it comes back to haunt you .With the tag of worldgoround I would have thought you would understand that what goes around comes back around .
Whilst driving massive holes into the high street with their online menace . The way Britain’s shop compared to our friends in America shop is totally different which is why Tesco failed in America( I went into our one in Las Vegas it was dead compared to their Walmart’s etc)we tried to foist on them the way we shop..a massive cost co opened down the road from us in southampton a couple of years ago and it’s made no difference whatsoever in what we take. Hopefully to the britswill be loyal to a homegrown brand like the yanks was to Walmart .. maybe why Asda’s on its arse..
Just have to agree with RogueRiver , it is a whole other ball game to deliver foodstuffs ! It would require a massive investment in warehousing, dedicated delivery fleet , a huge uptake of personnel, and for what return? I don't believe that Tesco would wither and die overnight , leaving Amazon to replace them .
...….and mrmaths hopefully. Onwards and upwards please.
Gone. Hopefully for ever...
Has become a big barrier
It may be having problems , but it is by far the finest Tomato ketchup on the market. When I was in business , I tried to match the flavour , but never quite managed it. The same for Salad cream , sold hundreds of tonnes of it , but I could always pick out Heinz in tasting panels .