Tesco Plc (LON:TSCO)

QUOTE AND NEWS
DailyFinance  Apr 16  Comment 
BRENTWOOD, TN -- (Marketwired) -- 04/16/14 -- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, today announced that Lee Downing has been promoted to Executive Vice President, Store...
DailyFinance  Mar 27  Comment 
BRENTWOOD, TN -- (Marketwired) -- 03/27/14 -- Tractor Supply Company (NASDAQ: TSCO), the largest rural lifestyle retail store chain in the United States, today announced the opening of its 1,300th store, as the Company continues to grow toward...
TheStreet.com  Feb 14  Comment 
Story updated at 9:40 a.m. to reflect market activity. NEW YORK (TheStreet) -- Tractor Supply was downgraded to "perform" from "outperform" by Oppenheimer Friday. Tractor Supply fell 1.6% to $65.13. The firm lowered its price target for the...
Benzinga  Feb 14  Comment 
StreetInsider.com  Feb 6  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Dividends/Tractor+Supply+Co+%28TSCO%29+Declares+%240.13+Quarterly+Dividend%3B+0.8%25+Yield/9133052.html for the full story.
Benzinga  Jan 30  Comment 
In a report released Thursday, analyst Adam Sindler downgrades Tractor Supply Co (NASDAQ: TSCO) from Buy to Hold, dropping price target from $78 to $65. The report highlights, "We see two key changes from the earnings last night that are driving...
Benzinga  Jan 30  Comment 
KaloBios Pharmaceuticals (NASDAQ: KBIO) dipped 30.97% to $3.21 in the pre-market session following poor Phase 2 study results from KB003. Citrix Systems (NASDAQ: CTXS) shares fell 8.16% to $52.90 in the pre-market trading after the company...
StreetInsider.com  Jan 29  Comment 
Visit StreetInsider.com at http://www.streetinsider.com/Earnings/Tractor+Supply+Co+%28TSCO%29+Tops+Q4+EPS+by+3c%2C+FY14+Guidance+Light/9101783.html for the full story.
Cloud Computing  Jan 8  Comment 
Revionics, Inc., the leading provider of End-to-End Merchandise Optimization solutions, announced today that Tractor Supply Company (NASDAQ: TSCO), the largest farm and ranch supply retail store chain in the U.S., is...
Cloud Computing  Nov 12  Comment 
Revionics, Inc., the leading provider of End-to-End Merchandise Optimization solutions, announced today that its Senior Pricing Strategist Juan Jose (JJ) Thorne and Vaibhav (Vai) Anand, Senior Pricing Analyst with...
Benzinga  Nov 4  Comment 
Tractor Supply Company (NASDAQ: TSCO), the largest retail farm and ranch store chain in the United States, today announced that its Board of Directors has elected Cynthia T. Jamison, 54, to succeed James F. Wright as Chairman of the Board upon 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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