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Tesco is a grocery and general merchandise retailer. The Company is active in areas such as retailing of books, clothing, electronics, furniture, toys, petrol, and software; financial services; telecoms and internet services. Tesco also provides retail banking and insurance services.

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TypePublic
Founded1919
HQWelwyn Garden City, GB
Websitetesco.com

Latest Updates

Employees (est.) (Feb 2018)327,916(-4%)
Job Openings5,457
Revenue (FY, 2018)£57.5 B(+3%)

Key People/Management at Tesco

Dave Lewis

Dave Lewis

Group Chief Executive
Jason Tarry

Jason Tarry

CEO, Uk & Roi
Alan Stewart

Alan Stewart

CFO
Charles Wilson

Charles Wilson

CEO, Booker
Alessandra Bellini

Alessandra Bellini

Chief Customer Officer
Tony Hoggett

Tony Hoggett

Chief Operations Officer
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Tesco Office Locations

Tesco has offices in Welwyn Garden City, Newcastle upon Tyne, Glasgow, Bratislava and in 7 other locations
Welwyn Garden City, GB (HQ)
Tesco House, Shire Park, Kestrel Way
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Tesco Financials and Metrics

Tesco Revenue

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Tesco's revenue was reported to be £57.49 b in FY, 2018 which is a 2.8% increase from the previous period.
GBP

Revenue (FY, 2018)

57.5b

Revenue growth (FY, 2017 - FY, 2018), %

2.8%

Gross profit (FY, 2018)

3.4b

Gross profit margin (FY, 2018), %

5.8%

Net income (FY, 2018)

992.0m

EBIT (FY, 2018)

1.8b

Cash (24-Feb-2018)

4.1b

EV

19.4b
Annual
GBPFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Revenue

63.4b62.3b54.4b55.9b57.5b

Revenue growth, %

(2%)(13%)3%3%

Cost of goods sold

59.3b64.4b51.6b53.0b54.1b

Gross profit

4.2b(2.1b)2.9b2.9b3.4b
Half Year
GBPH1, 2016H1, 2017H1, 2018

Revenue

27.2b27.3b28.3b

Cost of goods sold

26.0b26.0b26.8b

Gross profit

1.3b1.3b1.6b

Gross profit Margin, %

5%5%6%
Annual
GBPFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Cash

2.5b2.2b3.1b3.8b4.1b

Accounts Receivable

533.0m496.0m490.0m466.0m

Inventories

3.7b3.0b2.4b2.3b2.3b

Current Assets

13.1b12.0b14.8b15.4b13.7b
Half Year
GBPH1, 2016H1, 2017H1, 2018

Cash

2.2b3.4b4.3b

Inventories

2.6b2.5b2.5b

Current Assets

10.7b16.8b15.8b

PP&E

16.4b17.6b18.4b
Annual
GBPFY, 2013FY, 2015FY, 2016FY, 2017FY, 2018

Net Income

1.5b(5.8b)129.0m58.0m992.0m

Depreciation and Amortization

1.6b1.3b1.3b1.3b

Inventories

577.0m251.0m124.0m55.0m

Accounts Payable

(449.0m)260.0m510.0m278.0m
Half Year
USDH1, 2016H1, 2017H1, 2018

Net Income

(368.0m)236.0m635.0m

Depreciation and Amortization

724.0m630.0m640.0m

Inventories

107.0m(69.0m)(138.0m)

Accounts Payable

36.0m353.0m226.0m
GBPY, 2018

EV/EBIT

10.5 x

EV/CFO

7 x

Revenue/Employee

175.3k

Debt/Equity

0.8 x

Debt/Assets

0.2 x

Financial Leverage

4.3 x
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Tesco Operating Metrics

Tesco's Stores was reported to be 7 k in FY, 2018.
FY, 2015H1, 2016FY, 2016H1, 2017FY, 2017H1, 2018FY, 2018

Stores

6.85 k6.81 k6.73 k6.76 k6.81 k6.84 k6.97 k

Stores (Extra, UK)

250 250 252 252 252 252 252

Stores (Superstore, UK)

487 479 478 478 479 480 480

Stores (Metro, UK)

191 178 177 176 176 176 172
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Tesco Acquisitions / Subsidiaries

Acquired CompanyDateDeal Size
Booker GroupMarch 05, 2018£3.70 b
GiraffeMarch 13, 2013£48.60 m
Mobcast ServicesSeptember 03, 2012
WE7June 15, 2012£10.80 m
OC FORUM Liberec, Ltd.September 25, 2011
BlinxBoxApril 20, 2011
dunnuhumbyDecember 01, 2010
HomeplusMay 14, 2008
Humall CO., Ltd.July 16, 2004$260 m
HIT hypermarket Sp. z o. o.July 02, 2002
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Tesco Revenue Breakdown

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Tesco revenue breakdown by business segment: 18.8% from International, 77.9% from UK & ROI and 3.3% from Other

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Tesco Online and Social Media Presence

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Tesco News and Updates

Weston Homes and Tesco propose 1400-home development in Redbridge

Property developer Weston Homes is partnering with supermarket giant Tesco on a plan to deliver up to 1,400 new homes in North East London. The companies have been in talks over a project to redevelop the Tesco store and car park at 822 High Road in Goodmayes, Redbridge, into a mixed-use… Read more

Tesco Is Playing With Fire By Cutting Jobs Now

Tesco Is Playing With Fire By Cutting Jobs Now

Tesco cost cuts put 9,000 UK jobs at risk

Tesco, Britain's biggest retailer, could ax 9,000 jobs in its UK stores and head office with its latest move to simplify operations and achieve targeted cost savings.

Restructuring threatens 9,000 jobs at UK supermarket Tesco

Up to 9,000 jobs are at risk as part of a restructuring programme announced by British supermarket giant Tesco on Monday. "Overall, we estimate that up to 9,000 Tesco colleague roles could be impacted, however, our expectation is that up to half of these colleagues could be redeployed to other custo…

London Markets: London markets dragged down by stronger pound; Tesco hit by job losses

London markets are in the red on Monday, after a stronger pound dragged blue-chip stocks

Tesco says changes to UK business to impact up to 9,000 jobs

Tesco, Britain's biggest retailer, said on Monday it was making changes to its UK business that could impact up to 9,000 jobs.
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Tesco Company Life and Culture

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Tesco Frequently Asked Questions

  • When was Tesco founded?

    Tesco was founded in 1919.

  • Who are Tesco key executives?

    Tesco's key executives are Dave Lewis, Jason Tarry and Alan Stewart.

  • How many employees does Tesco have?

    Tesco has 327,916 employees.

  • What is Tesco revenue?

    Latest Tesco annual revenue is £57.5 b.

  • What is Tesco revenue per employee?

    Latest Tesco revenue per employee is £175.3 k.

  • Who are Tesco competitors?

    Competitors of Tesco include Marks & Spencer, Giant Eagle and Instacart.

  • Where is Tesco headquarters?

    Tesco headquarters is located at Tesco House, Shire Park, Kestrel Way, Welwyn Garden City.

  • Where are Tesco offices?

    Tesco has offices in Welwyn Garden City, Newcastle upon Tyne, Glasgow, Bratislava and in 7 other locations.

  • How many offices does Tesco have?

    Tesco has 11 offices.