Food Retail

Tesco

Erste Group and Deutsche Bank Maintain Buy Rating on Tesco plc

Jefferies Analyst Reiterates Hold Rating on Tesco

JPMorgan Analyst Reiterates Buy Rating on Tesco

Tesco released FY2026 Q4 earnings on April 16 Pre-Market EST, actual revenue USD 25.39 B (forecast USD 26.58 B), actual EPS USD 0.26

Tesco released FY2026 Q3 earnings on April 16 Pre-Market (EST), actual revenue USD 24.95 B (forecast USD 22.98 B), actual EPS USD 0.2555

Tesco released FY2026 annual earnings on April 16 Pre-Market EST, actual revenue USD 98.99 B (forecast USD 97.76 B), actual EPS USD 1.0918

Tesco released FY2026 9 Months Earnings on April 16 Pre-Market EST, Actual Revenue USD 73.48 B, Actual EPS USD 0.83

Tesco CEO Warns of Possible Food Shortages Due to Middle East Conflict

Tesco Announces Annual Results and Provides Guidance on Future Outlook

Tesco to Release FY2026 Earnings on April 16 Pre-Market EST, Forecast Revenue USD 96.95 B

Tesco and Sainsbury's Sales Growth Year Over Year

Zacks Research Downgrades Tesco ADR Rating to Strong Sell

Bernstein Raises Tesco's Target Price

Tesco's Stock Rises Slightly on Strong Trading Updates and Share Repurchase

Deutsche Numis Maintains Buy Rating on Tesco

Tesco Reports Q3 Same-Store Sales Growth of 2.9%, Launches 340 New Christmas Products

Tesco Reports 19-Week Sales Growth and Updates 2026 Fiscal Outlook

Tesco Orders 750 Maxus eDeliver 9 Electric Vans

Tesco released FY2026 Q1 earnings on October 2, 2025 (EST), with actual revenue of USD 24.18 B (forecast USD 23.73 B), actual EPS USD 0.2862

Tesco released FY2026 Q2 earnings on October 2, 2025 (EST), actual revenue USD 24.36 B (forecast USD 24.67 B), actual EPS USD 0.2883

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TSCO

UK supermarket food inflation rose 1.4% in June, signaling that Iran war-driven energy and freight cost surges are impacting shelf prices. This early warning challenges central bank rate cut expectations, with BOE Governor Bailey opposing price caps. Waitrose led price hikes, while Tesco and Sainsbury's showed varied strategies, highlighting divergent approaches to managing consumer costs amid rising macroeconomic pressures.

- Supermarket food inflation in the UK rose by an average of 1.4% month-on-month in June due to rising energy and freight costs from the Iran war.  
- Waitrose reported the largest price increases among major supermarkets, with over 40% of surveyed products seeing price hikes, while Tesco and Sainsbury’s experienced smaller rises.  
- Economists predict UK inflation will peak at 3.7% later this year, with increased food prices heightening government concerns over potential summer inflation.

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Kraft Heinz Company

Food inflation: First signs of energy cost surge feed through to supermarket shelves as discounts fail to stem price growth

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UK's largest retailers, including Tesco, Sainsbury's, and Kingfisher, have cut nearly 18,000 jobs in the past year. Industry leaders attribute these layoffs to rising costs from higher national insurance contributions and increased minimum wages implemented by the Labour government. While the Treasury defends its economic plan with youth employment support, retailers warn that tax hikes and regulatory burdens are stifling hiring and investment.

Businesstimes News

Kingfisher Plc

UK’s biggest retailers cut 18,000 jobs amid rising taxes and wages

Cooks Coffee Company, owner of Esquires Coffee, reported a 22.8% increase in UK and Ireland store sales to £43.1m, aided by a deal with Tesco. Pre-tax earnings rose 6.8% to £529,000, with group revenue nearly doubling to £5.4m. The company aims to expand to 300 stores by 2034 and is also exploring international markets, including Pakistan, India, and the UAE.

Tesco deal helps Esquires Coffee owner to surge in sales as it eyes 300 stores

Lidl has surpassed Morrisons to become the fifth-largest supermarket in the UK, with a market share of 8.6% compared to Morrisons' 8.3%. This shift highlights Morrisons' struggles, including a £3bn debt and significant losses. The company is undergoing a turnaround with store closures and job cuts while attempting to enhance its manufacturing division. Meanwhile, Tesco leads the market at 28.2%, with grocery prices rising at the slowest pace since November.

The telegraph

Lidl overtakes struggling Morrisons to claim fifth-biggest supermarket

Tesco plc is advancing its £750 million share buyback program, having repurchased 436,666 shares at an average price of 458.02p. This move reduces the share count to 6,378,879,288 and signals capital discipline, potentially enhancing earnings per share and supporting stock valuation. Tesco's commitment to returning excess capital is evident as it continues to retire shares. The latest analyst rating for Tesco stock is a Hold with a £460.00 price target, while TipRanks’ AI Analyst rates it as Outperform, citing solid financial execution and attractive valuation.

Tip Ranks

Tractor Supply

Tesco Advances £750m Buyback, Cuts Share Count Further

Tesco PLC insider Ken Murphy purchased 29 shares at an average price of GBX 466 per share, totaling £135.14, on May 8th. This follows a previous purchase of 29 shares at GBX 482 each on February 13th. Tesco's stock opened at GBX 457.79, with a market cap of £29.05 billion and a PE ratio of 16.89. Analysts have set a consensus price target of GBX 478.75, with four analysts rating the stock as a "Buy."

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Tesco (LON:TSCO) Insider Ken Murphy Buys 29 Shares

Supermarket inflation remains stable as falling cooking oil prices, particularly rapeseed oil, have contributed to keeping shop price inflation around zero. A survey of three major supermarkets revealed mixed price changes, with some items increasing, such as chopped tomatoes and tenderstem broccoli, while others, like sourdough bread and chocolate, saw price reductions. Overall, average prices at Tesco rose by 0.1%, while Sainsbury's and Waitrose experienced slight declines. This suggests a temporary stability in prices, although potential future increases in food inflation are anticipated.

- City AM conducted a price survey across three major supermarkets, finding that a 500ml bottle of rapeseed oil decreased by an average of 14% from April to May.  
- Despite some price increases for items like chopped tomatoes and broccoli, overall shop price inflation remained around zero, with minor fluctuations across the stores.  
- The data indicates a mixed response in pricing strategies among the supermarkets, suggesting that while some prices have increased, others have decreased, generating virtually neutral net changes in average prices.

Supermarket inflation: Falling oil prices help keep costs down at the till

Erste Group has reaffirmed a Buy rating on Tesco plc (TSCO) in a report by Stephan Lingnau, with shares closing at p480.75. The analyst consensus suggests a Moderate Buy rating with an average price target of p513.89, indicating a potential upside of 6.89%. Deutsche Bank also maintains a Buy rating with a price target of p525.00. Lingnau has an average return of 8.5% and a success rate of 63.89% on his stock recommendations.

Erste Group Reaffirms Their Buy Rating on Tesco plc (TSCO)

Jefferies analyst Frederick Wild has reaffirmed a Hold rating on Tesco plc (TSCO) with a price target of p460.00. This follows a similar Hold rating from RBC Capital's Manjari Dhar. In contrast, Deutsche Bank has reiterated a Buy rating on Tesco on the same day. Wild is ranked #6212 out of 12158 analysts according to TipRanks.

ROYAL BANK OF CANADA

Jefferies Reaffirms Their Hold Rating on Tesco plc (TSCO)

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Goldman Sachs has maintained a Buy rating on Tesco plc (TSCO) as of April 17, setting a price target of p540.00. The shares closed at p485.20. The analyst consensus for Tesco is Moderate Buy, with a price target of p496.25, indicating a 2.28% upside. Barclays also reaffirmed a Buy rating with a £5.15 price target.

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Goldman Sachs Keeps Their Buy Rating on Tesco plc (TSCO)

Tesco(TSCDY.US)