Tesco Plc (LON:TSCO)

QUOTE AND NEWS
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...
Forbes  Jul 21  Comment 
Among the underlying components of the S&P 500 index, we saw noteworthy options trading volume today in Starbucks Corp. (NASD: SBUX), where a total of 50,253 contracts have traded so far, representing approximately 5.0 million underlying shares....
newratings.com  Jul 20  Comment 
WASHINGTON (dpa-AFX) - Tractor Supply Company (TSCO), the largest rural lifestyle retail store chain in the United States, announced that Anthony Crudele plans to retire from his position as Executive Vice President, CFO and Treasurer during the...
newratings.com  Jul 20  Comment 
WASHINGTON (dpa-AFX) - Tractor Supply (TSCO) revealed a profit for its second quarter that increased compared to the same period last year. The company said its bottom line came in at $156.43 million, or $1.16 per share. This was up from $153.33...
Benzinga  Jun 30  Comment 
Raymond James reiterated its Strong Buy rating on Tractor Supply Company (NASDAQ: TSCO), but lowered the 2016 EPS estimate. In the report published Wednesday, the analysts stated Tractor Supply's stock price will be under short-term pressure...
Benzinga  Jun 30  Comment 
Tractor Supply Company (NASDAQ: TSCO) reported below-expectations 2Q16 results and guidance. BTIG’s Alan Rifkin maintained a Buy rating on the company, while reducing the price target from $115 to $105. The analyst commented that the weakness...
Benzinga  Jun 30  Comment 
Tractor Supply Company (NASDAQ: TSCO) preannounced disappointing Q2 results. The pressure on shares can be seen as “a buying opportunity,” since the results were impacted by seasonal factors and the 2H prospects are favorable, Credit...




 
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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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