Our business was built with a simple mission – to be the champion for customers, helping them to enjoy a better quality of life and an easier way of living. This hasn’t changed. Customers want great products at great value which they can buy easily and it’s our job to deliver this in the right way for them. That’s why we’ve chosen ‘Serving Britain’s shoppers a little better every day’ as our new core purpose. As a business, serving customers is at the heart of everything we do – from colleagues in our stores to those of us in supporting roles. In the UK, we serve some 66 shoppers every second, so it’s our goal to ensure every one of those customers experiences just a little better service on each visit. Our Values are: • No one tries harder for customers • We treat people how they want to be treated • We use our scale for good
Company Growth (employees)
Type
Public
HQ
Welwyn Garden City, GB
Founded
1919
Size (employees)
464,520 (est)-3%
Website
tesco.com
Tesco was founded in 1919 and is headquartered in Welwyn Garden City, GB

Key People/Management at Tesco

Matt Atkinson

Matt Atkinson

Chief Marketing Officer
Mark Armour

Mark Armour

Non-Executive Director
Richard Broadbent

Richard Broadbent

Non-executive Chairman of the Board
Chris Bush

Chris Bush

Managing Director - UK

Tesco Office Locations

Tesco has an office in Welwyn Garden City
Welwyn Garden City, GB (HQ)
Kestrel Way

Tesco Financials and Metrics

Tesco Financials

Tesco's revenue was reported to be £54.4 b in FY, 2016 which is a 13% decrease from the previous period.
GBP

Revenue (FY, 2016)

54.4 b

Revenue growth (FY, 2015 - FY, 2016), %

(13%)

Gross profit (FY, 2016)

2.9 b

Gross profit margin (FY, 2016), %

5%

Net income (FY, 2016)

216 m

Market capitalization (17-Oct-2017)

15.2 b

Closing share price (17-Oct-2017)

1.9

Cash (27-Feb-2016)

3.1 b
Tesco's current market capitalization is £15.2 b.
GBPFY, 2014FY, 2015FY, 2016

Revenue

63.6 b62.3 b54.4 b

Revenue growth, %

(2%)(13%)

Cost of goods sold

59.5 b64.4 b51.6 b

Gross profit

4 b(2.1 b)2.9 b
GBPFY, 2014FY, 2015FY, 2016

Cash

2.5 b2.2 b3.1 b

Accounts Receivable

183 m614 m

Current Assets

15.6 b12 b14.4 b

PP&E

30.8 b28.5 b26.6 b
GBPFY, 2014FY, 2015FY, 2016

Cash From Operating Activities

3.2 b484 m2.1 b

Cash From Financing Activities

56 m814 m(604 m)

Income Taxes Paid

(347 m)657 m54 m
GBPY, 2016

Revenue/Employee

107.4 k

Financial Leverage

5.1 x
Show all financial metrics

Tesco Operating Metrics

Sep, 2017

Suppliers

8 k
Show all operating metrics

Tesco Market Value History

Traffic Overview of Tesco

Tesco Online and Social Media Presence

Tesco News and Updates

Tesco and Waitrose ready meal supplier Bakkavor sets date for IPO

Bakkavor, a ready meal supplier which serves Tesco, Marks & Spencer, Sainbury's and Waitrose, has set an early November date for its IPO which City A.M. revealed earlier this year could value it at up to £2bn. Sources have since said that the listing might be more likely to value Bakkavor in …

Tesco fraud trial: Whistleblower had tried to warn of hole in accounts

A member of Tesco’s finance team repeatedly tried to raise concerns over the company’s accounting practices but was ignored, a court heard yesterday. Speaking at the trial of former executives Carl Rogberg, John Scouler and Christopher Bush, whistleblower Amit Soni said employees of the supermark…

Tesco fraud trial: False accounting practices led staff to quit, court told

Members of staff quit their jobs at Tesco UK due to concerns over false accounting, a court heard today in the trial of three former company executives. Two members of the supermarket's finance team left their jobs, concerned over the legality of their actions, according to the prosecution in tod…

Former Tesco executives "misled" the stock market, court told

The stock market was "misled" by the actions of three former Tesco executives on trial for fraud, prosecutors told a court earlier today. Christopher Bush, Carl Rogberg, and John Scouler, who all held senior positions at the retailer, are on trial for charges of fraud and false accounting. In …

McColl's founder approached by Carlyle to lead Palmer & Harvey rescue

Private equity firm The Carlyle Group has invited a co-founder of convenience store McColl's to take a key role in its rumoured buyout of Palmer & Harvey (P&H), according to Sky News. James Lancaster is reportedly being drafted in to join the grocery wholesaler as its non-executive chairm…

Buyout firm Carlyle has its interest sparked by cigarette distributor P&H

US buyout firm The Carlyle Group is emerging as the frontrunner in a deal to buy tobacco supplier and forecourt wholesaler Palmer & Harvey (P&H), according to reports. Carlyle, which formerly owned breakdown service RAC, is close to entering into exclusive negotiations with P&H, sourc…
Show more

Tesco Company Life and Culture

You may also be interested in