Tesco PLC

Tesco Plc engages in the retailing and retail banking. It operates through the following segments: UK and ROI, and Central Europe. The UK and ROI segment caters to the United Kingdom and Republic of Ireland. The Central Europe segment covers the Czech Republic, Hungary, Poland, and Slovakia. The company was founded by John Edward Cohen in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.

The Tesco (LON: TSCO) share price collapsed by more than 6% on Wednesday after the company warned about margins. The stock fell to a low of 251p, which was the lowest level since October 6, 2021.

Tesco share price plummeted. Has it become too cheap to ignore?

LONDON (Reuters) -Tesco, Britain's biggest retailer, warned of a drop in profits this financial year as surging inflation piles pressure on the supermarket group and its customers alike.

Tesco warns of lower profits as UK inflation squeeze tightens

Tesco profit jumps as revenue rises faster than forecast

Tesco PLC (LSE:TSCO) delivered profits and dividends bang in line with expectations and committed to another £750mln share buyback by April 2023. Acknowledging the significant external uncertainties, the grocer said it was appropriate to “provide profit guidance in the form of a wider than usual range” for the new financial year, with retail adjusted operating profit expected fall to between £2.4bn and £2.6bn.

Tesco delivers profits as expected and a new £750mln share buyback

Tesco PLC (LSE:TSCO) releases full-year results on Wednesday and for Shore Capital, guidance for the current year will be key to how the shares fare henceforth. The broker “nibbled back” its fiscal 2023 estimates last month, citing rising operating costs “set against a determination by the brand to remain price competitive, especially with Aldi in an inflationary environment”.

Tesco still a buy but maintaining guidance is key, says Shore Capital

ASOS PLC

In the coming week investors will no doubt be looking forward to the long Easter weekend but will have plenty to keep them busy, including some big company results and key wage and inflation data that may determine the Bank of England's next policy moves.  Retail will be a theme in UK company news, with results from Tesco, JD Sports, ASOS and THG, while elsewhere updates from Deliveroo and easyJet.

Will inflation rise again in pre-Easter week? Tesco, JD Sport, ASOS and Deliveroo in focus too

Tesco (LON: TSCO) share price dropped sharply on Friday as concerns about the company's margins and growth remained. The stock retreated to a low of 269p, which was the lowest level since March this year.

Tesco share price forecast: unprecedented margin contraction expected

An attractive valuation makes this stock quite desirable at the current price.

Tesco: An Undervalued Retail Giant With A 3% Yield

The warning from now privately-owned Morrisons about the deteriorating consumer sentiment facing the supermarket sector was described as a chilling update by Shore Capital. Morrisons spoke of developments in the geopolitical environment as well as increasing inflationary pressure having an impact on spending.

Tesco update will give a better view on the supermarket sector than "chilling" update from Morrisons

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Inflation hit a 40-year high in December.

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The U.K.'s biggest supermarket chain Tesco is to close seven of its discount Jack's stores, while the remaining six branches will be converted into Tesco superstores.

Tesco Ditches Jack's As Discounter Flops Amid Strong Grocery Sales

Tesco, Britain's biggest retailer, said on Tuesday 1,600 roles were at risk of redundancy due to operational changes at stores, including the removal of night shifts to restock shelves.

Tesco says 1,600 jobs at risk from store changes

Tesco PLC (LSE:TSCO) is to close down Jack's, the chain of stores it launched to head off the challenge of hard discounters Aldi and Lidl. Seven Jack's stores will be closed while six more will be converted into superstores bearing the Tesco fascia.

Tesco gives up on Jack's discount stores experiment

Ocado Group PLC

Supermarket shopping habits moved back towards pre-pandemic patterns in recent weeks, with footfall increasing and less buying in bulk. According to fresh grocery industry till data from Kantar, grocery sales fell by 3.8% over the 12 weeks to 23 January compared to the same time last year, when England was in lockdown for much of the time.

Ocado Retail and Tesco gain market share as (most) grocery shopping habits normalise

Tesco delivered disappointing returns to shareholders over the past decade and clearly underperformed the market. It is often in moments like this that the market gives up on a company and these situations can create a buying opportunity for value investors.

Tesco: An Average Business With A Cheap Valuation

Tesco PLC (LSE:TSCO) traded even better than expected over Christmas prompting Shore Capital to increase its full-year earnings forecasts – again. Tesco, in its fiscal third-quarter update, said it expects retail operating profit to be slightly above the top-end of its previous £2.5-2.6bn guidance range while the supermarket's bank's operating profit is tipped to be between £160mln and £200mln, due to the effect of more favourable economic forecasts the company's provision for expected credit losses.

Tesco cash machine a good haven in inflationary environment, according to Shore Capital

A desire by British shoppers to celebrate Christmas at home spurred Tesco and Marks & Spencer to the top of the festive retail pile, with demand for premium food, wine and champagne helping both to upgrade profit forecasts.

Food glorious food: M&S, Tesco lift outlook, fashion chain ASOS downbeat

Tesco PLC (LSE:TSCO) has raised guidance for its retail operating profit after a strong trading performance over the Christmas period. The supermarket giant now expects retail operating profit will be slightly above the top-end of its previous £2.5bn to £2.6bn guidance range.

Tesco raises guidance as online sales boom

Tesco, Britain's biggest retailer, on Thursday raised its profit outlook for the second time in four months as it reported a rise in Christmas sales despite a tough comparative with 2020 when spending was boosted by a COVID-19 lockdown.

Tesco upgrades profit outlook for second time in four months

Christmas updates from retailers so far have been encouraging by and large. Sainsbury's upped its profit forecast and there seems no reason why Marks & Spencer and Tesco won't be equally upbeat about the holiday period tomorrow.

Marks & Spencer and Tesco set to continue strong Christmas trend

Whitbread PLC

After the festive holiday break, retailers of all stripes are queueing to inform investors in the coming week how this key period went for them, with Tesco, Marks & Spencer, JD Sports, ASOS among them. Other sector themes to look out for include updates from a handful of housebuilders, including Persimmon and Vistry; insights into travel trends via Premier Inn owner Whitbread, into omicron-related stay-at-home delivery habits from Just Eat, and into the much-mentioned staffing shortages seen in the second half last year via a pair of recruiters.

Tesco, M&S, JD Sports, Whitbread and ASOS set to report as 2022 calendar gets into gear

Tesco, Britain's biggest supermarket group, outperformed its major rivals in the key Christmas period, achieving its highest grocery market share since January 2018, industry data showed on Wednesday.

Britain's Tesco outperforms rivals in key Christmas period -Kantar

Tesco PLC (LSE:TSCO) said it partnered with Direct Rail Services (DRS) on a new refrigerated rail freight service that will distribute chilled food around the UK for the supermarket giant, helping it deliver produce for Christmas and cut its carbon emissions. The rail service will run twice a day, seven days a week, taking 40 lorries off the road for every journey it makes, Tesco said.

Tesco to deliver Christmas by rail

Tesco said on Thursday it has introduced a refrigerated rail freight service to help Britain's biggest supermarket group deliver for Christmas and cut its carbon emissions.

News for Tesco PLC Stock (TSCDY)