TSCO.L: Tesco Reports 8.5% Rise in Preliminary Annual Profit

Tesco Reports 8.5% Rise in Preliminary Annual Profit

Apr 16, 2026 06:27 UTC

TSCO.L

Short term

Tesco (TSCO.L) has announced its preliminary fiscal year results, highlighting a steady increase in profitability and top-line growth. The retailer reported a profit before tax from continuing operations of £2.40 billion on a 53-week basis, marking an 8.5% increase over the previous year's £2.21 billion. The growth reflects the company's ability to maintain scale and operational efficiency within a competitive retail landscape. Earnings per share (EPS) from continuing operations rose to 27.1 pence, compared to 23.1 pence in the prior period. Total revenue, excluding VAT but including fuel, climbed 5.4% to reach £73.71 billion, up from £69.92 billion last year. On a comparable 52-week basis, adjusted operating profit saw a modest uptick to £3.15 billion from £3.13 billion, while adjusted EPS increased to 29.0 pence from 27.4 pence. Sales excluding VAT and fuel were reported at £66.59 billion, an increase from £63.64 billion. Despite the positive bottom-line growth, the immediate market reaction remained muted, with shares trading slightly lower at 471.4 pence at the last close.

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Tesco Reports 8.5% Rise in Preliminary Annual Profit

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