Tesco PLC

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, and Central Europe. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia. The company was founded by John Edward Cohen in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.

Tesco (TSCDY) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Tesco (TSCDY) Rating Upgrade to Buy

Wal-Mart de Mexico SAB de CV

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Wal-Mart de Mexico SAB de CV (WMMVY). But which of these two companies is the best option for those looking for undervalued stocks?

TSCDY or WMMVY: Which Is the Better Value Stock Right Now?

A spot of financial housekeeping over at Tesco PLC (LSE:TSCO) serves to highlight Britain's biggest grocery chain's “strong asset backed balance sheet, low non-lease indebtedness and strong cash flows from operations”, said Shore Capital Markets' retail expert Clive Black. The housekeeping at hand is Tesco's repurchase and cancellation of €38 million in bonds issued in 2007.

Tesco's spot of housekeeping highlights strong balance sheet - analyst

J Sainsbury PLC

Tesco PLC (LSE:TSCO) has notched up its achieved its highest grocery market share since December 2017 according to the latest supermarket trends survey from market researcher Kantar. Britain's largest grocer grew its share to 28.1%, up from 27.4% a year ago as sales grew by 5.2% in the 12 weeks to 1 December 2024.

Tesco and Sainsbury's tighten grip on UK grocery market

Tesco shares have surged 25% this year, outperforming the FTSE 100 and nearing the S&P 500's performance. The latest results crushed expectations with decent operating profit growth with expanding margins, although a hint of caution ought to be noted with labor cost pressures. The company's dominant UK market position is strengthening further, with it widening the lead against its nearest competitor, Sainsbury's.

Tesco Shares Are Worth Adding To Your Basket

Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) each moved higher on Thursday following double upgrades by JP Morgan brokers. Both were lifted from ‘underweight' to ‘overweight' by the bank in a note, which highlighted upside in the UK's food retail sector.

Tesco, Sainsbury's boosted on JP Morgan double upgrades

AMSTERDAM--(BUSINESS WIRE)--Regulatory News: CTP, Europe's largest listed developer, owner and manager of industrial and logistics properties by gross lettable area (GLA), has handed over a new 100,000 sqm logistics centre in Hungary to Tesco. Built as part of a greenfield investment spanning 60 hectares near Szigetszentmiklós, the state-of-the-art facility aims to enhance Tesco's efficiency in serving Hungarian customers, optimise transportation logistics, and significantly reduce carbon dioxi.

CTP hands over Tesco's new 100,000 sqm logistics centre

Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) ticked up on Wednesday after the UK's competition watchdog said loyalty card schemes offered “genuine” savings. A Competition and Markets Authority (CMA) found there was “very little evidence” of supermarkets inflating prices to make loyalty promotions seem more attractive.

Tesco, Sainsbury's climb as loyalty card savings found to be 'genuine'

Ocado Group PLC

Ocado Group PLC (LSE:OCDO), Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) all outgrew the wider grocery market as supermarkets enjoyed their best month of the year. Over the four weeks to 3 November, take-home sales at the grocers increased 2.3% to £11.6 billion over the four weeks to 3 November – the biggest sales period of the year so far.

Ocado and Tesco outpace grocery market growth as Christmas shopping starts early

Following Asda's warning of price hikes due to tax increases in last month's Budget, Shore Capital analysts have forecast Tesco PLC (LSE:TSCO) will signal a £250 million uplift in costs. Asda last week became the latest to flag up a jump in costs following the Budget, which saw employer national insurance contributions (NIC) lifted from 13.8% to 15% and the threshold at which this is paid cut from £9,100 to £5,000.

Tesco Budget tax hit seen at £250mln after Asda latest to flag price hikes - analyst

Barclays

Tesco PLC (LSE:TSCO)has confirmed it will hand £700 million back to shareholders following the completion of the sale of its banking and Clubcard operation to Barclays PLC (LSE:BARC) The deal, originally announced in February, involves a ten-year Tesco-branded white-label partnership for financial products supplied by Barclays. Tesco is retaining all the existing insurance and money services activities, including ATMs, travel money and gift cards.

Tesco confirms £700m handout after bank sale to Barclays

Tesco , Britain's biggest supermarket group, said on Friday that it intended to return 700 million pounds ($902.51 million) to shareholders through an incremental share buyback, as it had completed its banking operations sale to Barclays.

Britain's Tesco intends to return $902.5 mln via additional share buyback

Tesco, Sainsbury's and Marks & Spencer face the biggest hit from the National Insurance hike announced by the government yesterday but the marginal impact on other retailers might be greater suggests Citi. Chancellor Rachel Reeves announced a 1.2% hike in National Insurance (from 13.8% to 15%) and lowered the threshold at which employers start paying NI from £9,100 to £5,000 per year.

Tesco M&S and Sainsbury's face biggest hit from NI hike says US bank

Dublin, Oct. 29, 2024 (GLOBE NEWSWIRE) -- The "Retail Occasions Series: UK End of Year Gifts for Teachers 2024" report has been added to ResearchAndMarkets.com's offering. The End of Year Gifts for Teachers 2024 report forms part of the Retail Occasions series and offers a comprehensive insight into the consumer dynamics and spending habits of British consumers for end of year gifts for teachers. The report analyses the market, the major players, the main trends, and consumer attitudes. The proportion of consumers buying end of year gifts for teachers this year has risen by 8.5% in 2024 to almost 25%. This was driven by gifting as shoppers prioritized this category over greeting cards. Scope

Surge in End of Year Gifts for Teachers in the United Kingdom Signifies Shift in Consumer Priorities - Tesco Came Out as Top Retailer to Purchase From for this Occasion

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Is Tesco (TSCDY) a Great Value Stock Right Now?

Investors looking for stocks in the Retail - Supermarkets sector might want to consider either Tesco PLC (TSCDY) or Wal-Mart de Mexico SAB de CV (WMMVY). But which of these two stocks presents investors with the better value opportunity right now?

TSCDY vs. WMMVY: Which Stock Is the Better Value Option?

Tesco PLC (LSE:TSCO)said it is moving on to the third tranche of its current  £1 billion share buyback programme. Between 22 April 2024 and 18 October 2024, the grocery giant repurchased 188 million ordinary shares with an approximate market value of £600 million.

Tesco ploughs on with buyback programme with shares at high

Tesco PLC (LSE:TSCO) has announced a deal for energy from a new solar farm in Kent which will provide up to 10% of the supermarket's UK electricity demand. The 15-year deal for electricity from the 560,000 solar panel-strong Cleve Hill Solar Park site in Faversham is Tesco's largest power purchase agreement to date, a statement said.

Tesco pens agreement for 144 stores worth of solar power

Should Value Investors Buy Tesco (TSCDY) Stock?

Asda's market share fell further towards Aldi in the three months to September as Tesco PLC (LSE:TSCO) and J Sainsbury PLC (LSE:SBRY) increased their leading positions. Figures from Kantar showed that declining sales at Asda meant its market share fell from 13.7% to 12.6% year on year over the 12 weeks to September 29.

Asda market share drops towards Aldi as Tesco, Sainsbury's gain

I downgrade Tesco stock from buy to hold as its valuation has caught up with near-term growth expectations despite strong fundamentals and market share gains. TSCDY's recent results showed robust revenue and profit growth, with significant market share gains in the UK and ROI, validating its performance potential. The retail media segment presents a promising growth opportunity, but I need more qualitative data to gain confidence in its impact on earnings.

Tesco: Rating Downgrade As Valuation Has Caught Up With Near-Term Expectations

Tesco PLC (LSE:TSCO) impressed investors and analysts with its interim results on Thursday, which included a small upward tweak to its full-year profit guidance.  The results were "strong" said UBS, most notably group adjusted profits of £1.65 billion comfortably beating consensus forecasts of £1.53 billion.

'Thriving' Tesco impresses with measured expansion progress

Tesco PLC (LSE:TSCO) nudged up its full-year profit guidance as it grew its share of the UK grocery market and despite slower sales growth in the second quarter.  Retail like-for-like sales grew 2.9% in the 26 weeks to 24 August, down from the 3.4% rate seen in the first quarter.

Tesco profits jump as investment in prices pays off

Tesco , Britain's biggest supermarket group, on Thursday raised its profit guidance for the year as it reported a 10% increase in first-half core profit that reflected market share gains.

Britain's Tesco raises annual profit outlook after first-half rise

Tesco PLC (LSE:TSCO) half-year update is expected to show the group's growing dominance of the UK grocery business reflected in its numbers. UBS sees the UK's number one supermarket posting underlying profits of £1.54 billion, up 6%, while on the revenue front good volume growth to be offset by the recent drop in food prices.

News for Tesco PLC Stock (TSCDY)