EarningsQ4 2026 Earnings Report
MX:TSCON Q4 2026 EPS Results
Actual EPS$3.19
Consensus EPS$3.12
Beat/MissBeat by +$0.07
One Year Ago EPS$2.98
MX:TSCON Q4 2026 Revenue Results
Actual Revenue$883.00B
Expected Revenue$851.32B
Beat/MissBeat by +$31.69B
YoY Revenue Growth+7.21%
Earnings Announcement Details
QuarterQ4 2026
Date04/16/2026
TimeBefore Open
Conference CallThursday, April 16, 2026
MX:TSCON Upcoming Earnings
Tesco plc's next earnings date is estimated for October 8, 2026, based on past reporting schedules.
Q4 2026 Earnings Call Audio
No earnings call audio is available for this earnings event.
Q4 2026 Earnings Slide Deck
No slide deck is available for this earnings event.
Q4 2026 Earnings Call Summary
Earnings Call Sentiment|Positive
The call presented a solid operational and financial performance with broad-based sales growth, share gains, strong free cash flow and continued investment in value, quality, colleagues and sustainability. Management upgraded medium-term cash guidance and committed to further shareholder returns while retaining a strong balance sheet. Headline risks relate to elevated operating cost inflation, one-off adjusting charges, modest profit growth relative to inflation, and geopolitical uncertainty that widened next-year guidance. On balance the positives (market share gains, cash generation, reinvestment capability and new revenue streams) materially outweigh the negatives.Company Guidance
Market Share and Customer Satisfaction Gains
Reached highest market share in a decade with UK market share at 28.5% (total share gain of 120 bps over three years) and Ireland at 24.2% (+32 bps year). Net Promoter Score improved ahead of competitors, with better value perception driving sustained volume growth.
Top-Line Growth
Group sales grew 4.3% at constant exchange rates (like-for-like sales +3.5%), with UK & Ireland total sales growth of 5% and like-for-like growth across most channels (UK food LFL +5.2%, fresh food +6.9%).
Profitability and EPS Progress
Group adjusted operating profit was GBP 3.15 billion (up c.0.6% at constant rates; +0.8% at actual rates). Headline earnings per share increased 6% to 29p.
Strong Free Cash Flow and Upgraded Cash Guidance
Free cash flow of GBP 1.96 billion (up 12% year-on-year and above the upper end of guidance). Upgraded medium-term free cash flow guidance to GBP 1.5–2.0 billion per year.
Shareholder Returns
Returned GBP 2.4 billion to shareholders this year via dividends and buybacks; announced a further GBP 750 million share buyback. Since Oct 2021, repurchased GBP 4.3 billion of shares at an average price of GBP 3.17.
Investment in Value, Quality and New Revenue Streams
Expanded value initiatives (3,000 everyday low prices, >10,000 Clubcard prices, >600 Aldi Price Match lines) and invested in quality/innovation (Finest sales ~+15%). Whoosh quick commerce generated over GBP 400 million of sales and grew 51% in the UK.
Operational Efficiency and Save to Invest
Save to Invest contributed approximately GBP 535 million to adjusted operating profit this year and has unlocked c. GBP 2.2 billion over the last four years; target to unlock a further GBP 500 million next year.
Sustainability and Colleague Investment
Scope 1 & 2 emissions reduced by 68% vs 2015 baseline (ahead of 60% target). Invested GBP 209 million in UK store colleague pay (total hourly pay +43% over five years), announced GBP 65 million performance award, and paid GBP 134 million via Save As You Earn to ~22,000 colleagues.
MX:TSCON Earnings History
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