Tesco Plc (LON:TSCO)

QUOTE AND NEWS
TheStreet.com  Jul 24  Comment 
NEW YORK (TheStreet) -- Tractor Supply Company shares are up 4.7% to $63.95 on Thursday following the release of the company's second quarter earnings results.The farm and ranch supplies retailer saw a 9.2% quarterly jump in profits from the...
Benzinga  Jul 24  Comment 
Analysts at William Blair downgraded Tractor Supply Company (NASDAQ: TSCO) from Outperform to Market Perform. Tractor Supply shares have gained 0.72% over the past 52 weeks, while the S&P 500 index has surged 17.86% in the same...
SeekingAlpha  Jul 24  Comment 
Tractor Supply Company (NASDAQ:TSCO) Q2 2014 Results Earnings Conference Call July 23, 2014, 05:00 PM ET Executives Christine Skold - VP, IR and Strategy Gregory A. Sandfort - President and CEO Anthony F. Crudele - EVP, CFO and...
newratings.com  Jul 23  Comment 
WASHINGTON (dpa-AFX) - Tractor Supply Co. (TSCO) reported net income for the second quarter of $133.4 million or $0.95 per share, compared to $123.6 million oe $0.87 per share for the year-ago quarter. Net sales for the second quarter rose 8.8%...
StreetInsider.com  Jul 10  Comment 
UPGRADES Credit Suisse lifts Tractor Supply Company (Nasdaq: TSCO) from Neutral to Outperform. Morgan Stanley moves Alcoa (NYSE: AA) from Equalweight to Overweight. ISI Group raises Allscripts (Nasdaq: MDRX) from Buy to Strong Buy. Barclays...
Forbes  Jul 10  Comment 
In early trading on Thursday, shares of Costco Wholesale (COST) topped the list of the day's best performing components of the Nasdaq 100 index, trading up 0.4%.  Year to date, Costco Wholesale has lost about 0.5% of its value.
Benzinga  Jul 10  Comment 
Lumber Liquidators Holdings (NYSE: LL) shares tumbled 22.32% to reach a new 52-week low of $54.70 after the company lowered its earnings forecast for the year. Jefferies downgraded the stock from Buy to Hold and cut the price target from $115.00...
Benzinga  Jul 10  Comment 
In a report published Thursday, Morgan Stanley analyst Simeon Gutman reiterated an Equal-Weight rating on Tractor Supply Company (NASDAQ: TSCO), but lowered the price target from $70.00 to $65.00. In the report, Morgan Stanley noted, “We...
TheStreet.com  Jul 9  Comment 
NEW YORK (TheStreet) -- Tractor Supply was falling -7.2% to $56.99 after-hours Wednesday after forecasting revenue and EPS below analysts' expectations. The retailer announced that second quarter sales grew 8.8% from the year-ago quarter to...
newratings.com  Jul 9  Comment 
WASHINGTON (dpa-AFX) - Tractor Supply Company (TSCO) announced that it expects second-quarter net income to be in the range of $0.94 per share to $0.95 per share. Analysts currently expect earnings of $1.02 per share. The company said net sales...




 
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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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