960 HGV drivers added via recruitment, conversion courses and apprenticeshipsSignificantly increased rail freight, including new UK refrigerated service
Maintained industry-leading availability
1.
YouGov Quality perception on a 12 week rolling basis to 27 February 2022. 'Market' consists of Sainsbury's, Morrisons, Asda, Aldi, Lidl, Waitrose, M&S, Co-op & Iceland.
Group performance.
Sales1
Group profit2
Retail free cash flow3
£2,825m
£2,277m
+3.0%
+10.2% vs. 19/20
+58.9% vs. last year
+£0.9bn vs. last year
Net debt
EPS4
Dividend
21.86p
10.90p
down £1.4bn
+88.8% vs. last year
+19.1% vs. last year
1. Sales exclude VAT and fuel. Sales change shown at constant rates.
2. Operating profit before adjusting items. Change shown at constant rates.
3. Our Retail free cash flow APM is consistent with the amendment made in the Interim results, to provide a more consistent and predictable view of free cash flow generated by the core retail operation.
4. The share base used in Adjusted diluted EPS in the prior year is adjusted to capture the full impact of the share consolidation which followed the sale of our businesses in Thailand and Malaysia, as if it took
place at the start of the 2020/21 financial year. As such, Adjusted diluted EPS (adjusted for share consolidation) is presented on a basis other than in accordance with IAS 33.
Segmental performance.
2.6%
UK & ROI
£49,984m
2.2%
8.8%
£2,481m
35.4% 4.4%Central Europe
£3,862m
3.7%
2.9%
2.5%
£168m
41.1% 4.2%
25.4%
35.8% 4.4%
Bank
£922m
-
-
£176m
n/m 19.1%
1. 2-year LFL sales growth is calculated by comparing current year sales to sales in 2019/20 and includes sales from those stores which were trading in both years.
2. Operating profit before adjusting items.
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Tesco plc published this content on 13 April 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 April 2022 14:04:05 UTC.
Tesco PLC is the leading English distribution group. Net sales break down by activity as follows:
- distribution in the United Kingdom and Ireland (90.8%): food and non-food distribution (textile products, pharmaceuticals, computers, optics, household appliances, etc.) through 3,878 stores. The group also offers telephony services through Tesco Mobile (British no. 1). Tesco PLC also has an on-line purchasing site, Tesco.com;
- distribution in Central Europe (7.3%): operation, at the end of February 2023, of 541 stores located in Hungary (197), the Czech Republic (187; of which 124 franchised) and Slovakia (157; of which 10 franchised).
- financial services (1.9%; Tesco Bank): insurance, loans, savings, payment card issuance, etc.