We use our own and third-party cookies to optimize your experience on this site, including to maintain user sessions. Without these cookies our site will not function well. If you continue browsing our site we take that to mean that you understand and accept how we use the cookies. If you wish to decline our cookies we will redirect you to Google.
Already have an account? Sign in.

 Remember Me | Forgot Your Password?

Tesco Says 2015–2016 Results Show Retailer Is On Track To Recovery

April 13, 2016: 12:00 AM EST
Tesco said group sales grew 0.1 percent to £48.4 billion for the year 2015–2016, compared with the previous year, according to preliminary results. Operating profit before exceptionals increased 1.1 percent, while statutory operating profit dropped from £5.750 billion in the previous year to £1.046 billion. Retail operating cash flow jumped 39 percent to £2.6 billion, while net debt was reduced by 40 percent to £5.1 billion. In the UK, like-for-like sales grew 0.9 percent in the fourth quarter, while group like-for-like sales rose 1.6 percent.
"Preliminary Results 2015/16: A YEAR OF SIGNIFICANT PROGRESS", Tesco, April 13, 2016, © Tesco
Domains
RETAIL BUSINESS
Operations
Strategy
Geographies
Worldwide
EMEA
Europe
United Kingdom
Categories
Companies, Organizations
Earnings Release
Press Release
Developed by Yuri Ingultsov Software Lab.