Tesco interims reflect sluggishness of food sector
Article Abstract:
Supermarket group Tesco's financial results for the first half of 1998 reflect the current state of the UK food industry, which is beset with slowing consumer expenditure and a decline in inflation. The company, which plans to open some 22 new stores within the UK supermarket sector in 1998, reported interim pre-tax profits up 6% to GBP371 m (ECU538m) on turnover up 7.2% to GBP8.3bn. Terry Leahy, Tesco's chief executive, stated that the group is well armed to face a slowdown in the industry.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1998
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Tesco strengthens lead in UK food retail sector
Article Abstract:
The supermarket chain Tesco PLC reported group revenues of 18.5 billion pounds sterling for the fiscal year ending Feb 27, 1999, which represents an increase of 6.3%. Tesco's core British supermarket operations saw its sales increase by a whopping 80% versus an industry average of 1-1.5%. Its non-UK European operations had revenues of 1.285 billion pounds sterling, an increase of 24.9%.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1999
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Acquisition and Clubcard help lift Tesco profits to 290m pounds sterling
Article Abstract:
Tesco of the UK, a retailer, has reported pre tax profit up 16% to 290 million pounds sterling in the first half of 1995, helped by the recent acquisition of Wm Low, a Scottish retailer, and the introduction of its loyalty Clubcard scheme. Sales outside the UK iincrease 28.6% to 252 millio pounds sterling, with Catteau, the French chain, reporting a 17% rise.
Publication Name: Eurofood
Subject: Food and beverage industries
ISSN: 0955-5405
Year: 1995
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