Tesco Plc (LON:TSCO)

Benzinga  Oct 20  Comment 
Goldman Sachs believes Tractor Supply Company (NASDAQ: TSCO) third quarter results confirmed its opinion that the headwinds would likely to continue in its business. Headwinds The firm thinks that at least two of the following discrete items...
Benzinga  Oct 20  Comment 
  BJ's Restaurants, Inc. (NASDAQ: BJRI) shares touched a new 52-week low of $33.745 after the company reported downbeat results for the third quarter. Tractor Supply Company (NASDAQ: TSCO) shares fell 5.7 percent to touch a new 52-week...
Benzinga  Oct 8  Comment 
Jim Cramer said on CNBC's Mad Money that General Dynamics Corporation (NYSE: GD) has been a fabulous performer so far, and he thinks that it would be smart to make a decision about the stock after the presidential election and after the company...
Benzinga  Oct 4  Comment 
Retail chain Tractor Supply Company (NASDAQ: TSCO) announced last week the acquisition of pet supply retailer Petsense. Tractor Supply Company expects to scale its new purchase to over a 1,000 stores at an annual growth rate of 15-20 percent per...
Reuters  Sep 29  Comment 
* Tractor supply company announces acquisition of petsense, a growth-oriented pet specialty retailer with 136 stores
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...


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


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


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