Tesco Plc (LON:TSCO)

QUOTE AND NEWS
Benzinga  Sep 9  Comment 
  Tractor Supply Company (NASDAQ: TSCO) shares touched a new 52-week low of $68.68. On Thursday, Tractor Supply lowered its full-year forecast. Catalyst Biosciences Inc (NASDAQ: CBIO) shares touched a new 52-week low of $1.12....
Benzinga  Sep 8  Comment 
Tractor Supply Company (NASDAQ: TSCO) shares hit a 52-week low of $69.27 on Thursday following multiple headwinds hurting investor sentiment. The company likely initiated the first move downward with the announcement of its full-year earnings...
Motley Fool  Sep 8  Comment 
The specialty retailer fell after reducing guidance ahead of an investor conference.
Benzinga  Sep 8  Comment 
Credit Suisse has downgraded Tractor Supply Company (NASDAQ: TSCO) to Neutral from Outperform after the company cut its 2016 guidance and guided third quarter below consensus estimates. This suggests lack of visibility around the near-term demand...
Benzinga  Sep 8  Comment 
  Tractor Supply Company (NASDAQ: TSCO) shares fell 16.2 percent to touch a new 52-week low of $70.00 as the company lowered its full-year forecast. Several analysts downgraded the stock following weak outlook. Norwegian Cruise Line...
Benzinga  Sep 8  Comment 
Wedbush has downgraded Tractor Supply Company (NASDAQ: TSCO) to Neutral from Outperform after the company cut its 2016 outlook and guided third-quarter below consensus estimates. The company expects comps to likely be negative for the second...
Benzinga  Sep 8  Comment 
Close on the heels of Tractor Supply Company (NASDAQ: TSCO) reducing its full-year outlook, BTIG downgraded the stock from Buy to Neutral, citing "sustained weakness." Following the downbeat guidance and downgrade, the stock tanked more than 14...
MarketWatch  Sep 8  Comment 
Shares of Tractor Supply Company dropped 13% in premarket trade Thursday after two downgrades of the company's stock. The downgrades came after the company cut its 2016 outlook Wednesday afternoon and issued third-quarter net sales guidance of...
Forbes  Aug 23  Comment 
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Amazon.com Inc. (NASD: AMZN), where a total of 35,730 contracts have traded so far, representing approximately 3.6 million underlying shares....
Benzinga  Aug 4  Comment 
Oppenheimer reiterated its Outperform rating on Tractor Supply Company (NASDAQ: TSCO), despite returning with mixed feelings after management meetings. Tractor Supply, an operator of rural lifestyle retail stores, is more concerned about the...




 
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Business Overview

Tesco is the UK's largest grocer by sales and also operates grocery stores in 12 international markets across Europe, Asia and the United States.[1] Additionally, Tesco offers retail banking and insurance services through its Tesco Personal Finance segment and telecom services under its Tesco Telecom business.[1] Tesco operates as a discount retailer and earned about £62.5 billion in revenue in 2010, an 6.8% increase from a year earlier.

Business Growth

For the year ended February 27th, 2010, net sales increased 6.8% to £62.5 billion. Net income rose 10.4% to £3.457 billion.[2]

Trends and Forces

Financial services risks affect Tesco's bottom line

On December 19, 2008, Tesco acquired Tesco Bank with three main products (credit cards, unsecured personal loans, and savings) as well as an insurance business. With this acquisition, Tesco took on the bank's risks, such as vulnerability in its insurance business due to natural or man-made disasters. Competition in the financial services industry also affects Tesco Bank's ability to operate effectively and profitably, which could negatively impact Tesco's net income. Also, Tesco Bank is currently building new banking and insurance systems and is outsourcing most of its operations to the Royal Bank of Scotland. As a result, there is increased operational risk from this outsourcing until Tesco's new systems are complete.[3]

By diversifying globally, Tesco is affected by exchange rates and international economies

Competitors

  • Walmart
  • Sainsbury (LON:SBRY) is the third largest supermarket chain in the UK with 15.9% market share.

References

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