Tesco PLC
Capital Structure
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in mil. unless spec.Semi-annual Revenue
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in mil. unless spec.Semi-annual Earnings Per Share
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in mil. unless spec.Company Description
- CEO
- Ken Murphy
- Full Time Employees
- 342,303
- Sector
- Retail trade
- Industry
- Food retail
- Address
- Tesco House Welwyn Garden City HD United Kingdom AL7 1GA
- IPO Date
- Dec 23, 1947
- Website
- tescoplc.com
- Similar Companies
- Business
- Tesco PLC operates as a leading multinational grocery and general merchandise retailer, offering a broad range of products including fresh and packaged foods, household goods, clothing under the F&F brand, health and beauty items, electronics, toys, apparel, and financial services through Insurance and Money Services such as credit cards, loans, deposits, travel money, gift cards, and ATMs; it provides formats encompassing hypermarkets (Tesco Extra), supermarkets (Superstores), convenience stores (Express and One Stop), wholesale via Booker Group (including symbol brands Premier, Londis, Budgens, and Family Shopper), online grocery delivery, rapid delivery through Whoosh, and Tesco Marketplace for third-party goods; operations span the United Kingdom where it holds a 28.4% market share, Republic of Ireland (23.7% market share), Central Europe (Czech Republic, Hungary, Slovakia), and Isle of Man, with over 3,800 stores in the UK alone including 809 large stores, 2,094 Express, 730 One Stop, and 190 Booker outlets. Founded in 1919 by Jack Cohen and headquartered in Welwyn Garden City, England, the company serves customers through its Clubcard loyalty programme with over 24 million UK households, personalised offers via Adobe partnership, and retail media platform; it emphasises own-brand ranges like Finest (premium), Plant Chef and Wicked Kitchen (plant-based), and value options, alongside fuel sales at forecourts and mobile services via Tesco Mobile. Recent developments include the completion of its banking operations sale to Barclays in November 2024 for approximately £700 million, establishing a long-term strategic partnership for Tesco-branded financial products while retaining capital-light insurance and money services that contributed £100 million in adjusted operating profit for H1 2025/26; launch of over 470 new own-brand products and improvement of 560 more, with Finest sales up 16% and featuring innovations like gelato, iced coffee concentrates, and enhanced BBQ ranges; opening of a new semi-automated fresh food distribution centre in Aylesford and agreement for another at DP World London Gateway by 2029; strong H1 2025/26 performance with group sales up 5.1% to £33.1 billion (excluding VAT and fuel), adjusted operating profit up 1.6% to £1.67 billion, UK online sales up 11.4% with 36.9% market share, Whoosh sales up 59% covering 70% of UK households, and F&F online launch; expansion with 38 new stores opened, AI-driven logistics saving 100,000 miles weekly, and ongoing £500 million Save to Invest programme offsetting cost inflation from National Insurance hikes and packaging levies; issuance of a new €500 million bond in April 2025 maturing May 2032; and leadership initiatives targeting 30% UK market share through price competitiveness and digital engagement.
Company News
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