Tesco plc(MX:TSCON)
MX$110.270.00 (0.00%)
MX:TSCON
Tesco plc earnings date
MX$110.27
At close:0.00 (0.00%)
Tesco plc (TSCON) Q2 2027 Earnings Report
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MX:TSCON Q2 2027 EPS Results
- Actual EPS
- MXN 4.16
- Consensus EPS
- MXN 3.82
- Beat/Miss
- Beat by +MXN 0.34
- One Year Ago EPS
- MXN 3.70
MX:TSCON Q2 2027 Revenue Results
- Actual Revenue
- MXN 898.38B
- Expected Revenue
- MXN 898.67B
- Beat/Miss
- Missed by -MXN 288.61M
- YoY Revenue Growth
- +3.65%
Earnings Announcement Details
- Quarter
- Q2 2027
- Date
- 10/08/2026
- Time
- Before Open
- Conference Call
- Thursday, October 8, 2026
MX:TSCON Upcoming Earnings
Tesco plc's next earnings date is estimated for April 14, 2027, based on past reporting schedules.
Q2 2027 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q2 2027 Earnings Slide Deck
No slide deck is available for this earnings event.
Q2 2027 Earnings Call Summary
Earnings Call Sentiment|Positive
The call was strongly positive, supported by record customer satisfaction, broad-based profit, EPS and cash growth, market-share gains, rapid-delivery momentum, ongoing cost savings, and increased investment and shareholder returns. The main cautions were moderated U.K. like-for-like growth, declining convenience sales driven by tobacco, a higher promotional rate, intense competition, and uncertainty around the second half, inflation, AI, and rapid-delivery capacity.
Company Guidance
The company expects group adjusted operating profits of between GBP 3.15 billion and GBP 3.3 billion for the full year, narrowing to the upper half of our previous range; free cash flow is expected to be within the medium-term guidance range of GBP 1.5 billion-GBP 2 billion; capital expenditure is expected to be around GBP 1.7 billion this year, up from our previous guidance of around GBP 1.6 billion and around GBP 200 million higher than last year; Save to Invest is on track to deliver its GBP 500 million target for the full year; Whoosh is on track to deliver sales in excess of half a billion pounds this year; Finest full-year sales are expected to be well over GBP 3 billion; and the framework remains modest top-line growth, 5%+ operating profit growth, and double-digit EPS growth.
- Record Customer SatisfactionTesco achieved its highest ever customer satisfaction score, with meaningful gains across every measure, including ease, quality, value, and reward. The company cited a record NPS of 33.
- Broad-Based Financial GrowthGroup sales grew 1.6% at constant rates, adjusted operating profit grew 6.3% at constant rates and 6.5% at actual rates to GBP 1.783 billion, adjusted profit after tax increased 6.8%, statutory profit after tax rose 11.8%, and earnings per share increased 12.2%.
- Strong Cash Generation and Balance SheetFree cash flow was GBP 1.57 billion, including a net benefit of around GBP 250 million primarily due to payroll timing. The net debt ratio remained at 2x, supporting continued investment and shareholder returns.
- Margin Expansion and Savings DeliveryGroup operating margin expanded 13 basis points to 4.8%, with operating profit growing ahead of sales across all regions. Tesco remains on track to deliver its GBP 500 million full-year Save to Invest target and has achieved more than GBP 2.7 billion of cumulative savings over the last five years.
- Raised Capital Investment and Share BuybackCapital expenditure guidance was increased to around GBP 1.7 billion from around GBP 1.6 billion previously and around GBP 200 million higher than last year, focused on high-returning productivity and growth initiatives. The current-year share buyback was increased to GBP 950 million from GBP 750 million.
- Improved Full-Year Guidance PositionTesco now expects full-year group adjusted operating profit of between GBP 3.15 billion and GBP 3.3 billion, narrowing to the upper half of its previous range. Free cash flow is still expected to be within the medium-term guidance range of GBP 1.5 billion-GBP 2 billion.
- U.K. Sales and Online GrowthU.K. sales grew 2.1%, with like-for-like sales up 1.5% and two-year like-for-like growth of 6.4%. Online like-for-like sales increased 8.4%, orders rose 4.9%, Delivery Saver subscribers increased 6.1%, and grocery home shopping gained a further 16 basis points of market share.
- Strong Food and Finest PerformanceU.K. food like-for-like sales increased 2.4%, while Tesco Finest sales grew 9% during the half. Tesco expects full-year Finest sales of well over GBP 3 billion. In Ireland, Finest sales increased 12.8%, and in Central Europe they increased 19.1% year-on-year.
- Whoosh Rapid Delivery MomentumWhoosh sales increased by 37% in the financial performance update and by around 40% in other comments, compounding a similar rate of growth last year. The service was extended to more than 2,000 stores, is on track to exceed GBP 500 million of sales this year, and was described as the U.K.'s number one choice for rapid grocery delivery.
- Third-Party Rapid Delivery PartnershipsNew partnerships with Uber Eats and Deliveroo are reaching new customers beyond Tesco's existing ecosystem. Management reported much lower cannibalization rates than expected, with the vast majority of sales from the platforms described as incremental to Tesco and a large proportion of customers new to Tesco.
- Market Share GainsTesco increased U.K. market share by 113 basis points over the last four years to 27.8%. Market share grew 23 basis points on a two-year basis, while the latest four-week Nielsen read, including rapid delivery, showed gains of 14 basis points; the transcript also referenced a 15-basis-point gain in discussion.
- Strong Ireland PerformanceIreland total sales grew 6.7% at constant rates and like-for-like sales grew 4.1%, driven by continued volume gains. Market share increased 44 basis points to 24.1%, online sales rose 11.9%, and Tesco opened nine stores in the last 12 months, including four large stores.
- Booker Underlying ProgressBooker delivered underlying progress, with two-year like-for-like sales excluding tobacco up 2.7% across all parts of the business. The retail business added 275 net new retail partners, Londis was named Symbol Retailer of the Year, and Best Food Logistics grew sales, supported by a new contract win.
- Central Europe Growth and Digital ExpansionCentral Europe sales grew 1.1% at constant rates, including like-for-like growth of 0.4%, with volume-led growth and strong food volumes. Online sales rose 19.2%, dot-com operations expanded to a further 17 stores, population coverage reached 85%, and six new stores were opened in the half.
- Product Innovation and Healthier ChoicesTesco launched more than 800 new and improved products during the half, broadened healthier-choice ranges, enriched the fiber content of 65 bakery lines, and continued simplifying ingredients to remove additives wherever possible.
- Personalization and Clubcard ExpansionYour Clubcard Prices was extended to around 2.5 million customers, with plans for further expansion in the second half. Tesco also began rolling out its AI-powered meal planner after a successful colleague trial and continued enhancing the Tesco app and personalized customer experiences.
- Colleague Investment and TrainingTesco invested more than GBP 200 million in U.K. store colleague pay, including a 5.1% increase in hourly pay. A total of 200,000 colleagues completed the Most Helpful Shopping Trip training program, described as the company's biggest investment in colleague training in more than five years.
- Community and Supplier RecognitionTesco was voted number one in the Advantage Supplier Survey for the 11th consecutive year. The company doubled the reach of its Free Fruit & Veg for Schools program and is providing 5,000 new work experience placements for 18-24 year olds through the BRC's Opening Shift scheme.
- Sustainability and Store Efficiency InitiativesTesco introduced six new and updated sustainability commitments, operates more than 2,000 electric delivery vans, and is rolling out electronic shelf labels across U.K. large-format and Express stores to improve price accuracy, reduce paper waste, and remove manual tasks. Almost 70 store refreshes were completed in the first half.
- Innovation and Supply Chain ResilienceW23 has invested in 13 startups focused on AI, automation, and sustainability, and Tesco committed GBP 20 million as anchor investor in the Bramble food innovation fund. Tesco is also investing in AI-powered demand forecasting and commodity modeling and operates six sustainable farming groups.
- Marketplace and F&F ProgressTesco Marketplace reached 1,000 sellers, nearly 80% higher year-on-year, supported by faster AI-enabled onboarding. The new fashion-first F&F website generated a big jump in traffic, while online-only ranges and more sizes expanded the clothing proposition.
- Attractive Whoosh EconomicsManagement stated that Whoosh is a profit-contribution business, with existing stores providing the fixed asset base, initial Whoosh CapEx of around GBP 7 million-GBP 8 million, variable delivery labor, and price premiums that cover delivery costs.
- Shareholder ReturnsTesco proposed an interim dividend of GBP 0.0505 per ordinary share, in line with its policy of setting the interim dividend at 35% of the prior-year total dividend, while continuing its share buyback program.
MX:TSCON Earnings History
| Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release |
|---|---|---|---|---|---|
| Apr 14, 2027 | 2027 (Q4) | 3.61- | 3.27 | ― | ― |
| Oct 08, 2026 | 2027 (Q2) | 3.824.16 | 3.7 | 12.34% (+0.46) | |
| Apr 16, 2026 | 2026 (Q4) | 3.203.27 | 3.05 | 7.09% (+0.22) | |
| Oct 02, 2025 | 2026 (Q2) | 3.423.70 | 3.46 | 6.94% (+0.24) | |
| Apr 10, 2025 | 2025 (Q4) | 2.933.05 | 2.89 | 5.83% (+0.17) | |
| Oct 03, 2024 | 2025 (Q2) | 3.203.46 | 2.96 | 17.07% (+0.51) | |
| Apr 10, 2024 | 2024 (Q4) | 2.792.89 | 1.59 | 81.82% (+1.30) | |
| Oct 04, 2023 | 2024 (Q2) | ―2.96 | 2.57 | 14.95% (+0.38) | |
| Apr 13, 2023 | 2023 (Q4) | 2.791.59 | 2.31 | -31.25% (-0.72) | |
| Oct 05, 2022 | 2023 (Q2) | 1.832.57 | 2.69 | -4.46% (-0.12) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat Missed
