Half Year 2026 Tesco PLC Earnings Call Transcript

Oct 2, 2025 / 08:00 AM GMT

Release Date Price: MXN63.87

Transcript

Key Points

Positve

Tesco PLC (TSCDF) reported a 5.1% increase in group sales, with growth across all operating segments.
The company's adjusted operating profit increased by 1.6%, reflecting strong trading performances in the UK and Ireland.
Tesco PLC (TSCDF) has seen a significant increase in customer satisfaction, with its net promoter score reaching its highest level in six years.
The company has successfully expanded its online presence, with UK online sales growing by 11.4% and market share gains of 112 basis points.
Tesco PLC (TSCDF) has made substantial investments in price, quality, and service, which have resonated well with customers, leading to market share gains.

Negative

Tesco PLC (TSCDF) faces increased competitive intensity in the UK retail sector, particularly in grocery.
The company is dealing with additional cost pressures, including increased national insurance contributions and a new EPR levy.
Net debt increased by 430 million to 9.88 billion, partly due to the return of proceeds from the sale of banking operations.
The Central Europe segment saw a decline in adjusted operating profit due to competitive pressures and lower rental income.
Non-food sales in Ireland were down 1.8%, impacted by the transition to a commission model for toys.

Refinitiv StreetEvents Event Transcript
E D I T E D V E R S I O N

TSCO.L - Tesco PLC
Half Year 2026 Tesco PLC Earnings Call
Oct 02, 2025 / 08:00AM GMT

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Presentation
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Unidentified_1 [1]
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Good morning everyone.

And welcome. I'm in Wellan with Imran to share an update on our performance of the first half of the year, as well as the progress we are making to unlock our longer-term growth opportunities.

I'm pleased with the progress we've made across the house.

Our strong momentum is once again down to the brilliant work our colleagues do, day in, day out, to put our customers first. I'd like to start today by saying a huge thank you to all of them.

In the face of increased competitive intensity and additional taxes, we took decisive action to further invest in delivering the best possible value, quality and service.

Our actions have resonated with customers. Satisfaction has increased and

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