Seems to be a strong performance as expected (no news on the divi)
http://www.investegate.co.uk/tesco-plc- ... 00089578T/
- Group like-for-like sales growth of 1.5%
- UK like-for-like sales growth of 1.8%
- First quarterly market share gain since 2011
- Eighth consecutive quarter of like-for-like volume growth
I still hold, hoping for the recovery......"We are well-placed against the medium-term aspirations we outlined in October 2016 and we are on track to deliver at least £1.2bn Group operating profit before exceptional items for the full year."
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TSCO 3rd Quarter
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Tight HYP discussions only please - OT please discuss in strategies
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Re: TSCO 3rd Quarter
Here's an item from our last gaff on this stock;
Does a 1.3% rise in food sales over Christmas now make Tesco plc a screaming buy?
"Shares in Tesco (LSE: TSCO) dipped 2.4% in early trading this morning despite the UK’s largest retailer releasing a positive trading update for Q3 and the key Christmas period. Let’s delve into the figures and ask whether, in spite of today’s dip, investors should now consider adding the £17bn cap to their portfolios.
Festive cheer
In the 13 weeks to November 26, group like-for-like sales at Tesco rose by 1.5% with UK growth at 1.8%. The latter led the company to report its first quarterly market share gain since 2011 and the eighth consecutive quarter of like-for-like volume growth.
Trading over Christmas was equally positive. In the six weeks to 7 January, group-like-for-like sales rose 0.3%, with growth in the UK reaching 0.7%. All-important food sales were up by 1.3%, continuing the trend set by peers Morrisons and Sainsburys earlier this week. The company also reported healthy growth in clothing and toy sales (4.3% and 8.5% respectively)."
Full item here;
http://www.fool.co.uk/investing/2017/01 ... aming-buy/
Does a 1.3% rise in food sales over Christmas now make Tesco plc a screaming buy?
"Shares in Tesco (LSE: TSCO) dipped 2.4% in early trading this morning despite the UK’s largest retailer releasing a positive trading update for Q3 and the key Christmas period. Let’s delve into the figures and ask whether, in spite of today’s dip, investors should now consider adding the £17bn cap to their portfolios.
Festive cheer
In the 13 weeks to November 26, group like-for-like sales at Tesco rose by 1.5% with UK growth at 1.8%. The latter led the company to report its first quarterly market share gain since 2011 and the eighth consecutive quarter of like-for-like volume growth.
Trading over Christmas was equally positive. In the six weeks to 7 January, group-like-for-like sales rose 0.3%, with growth in the UK reaching 0.7%. All-important food sales were up by 1.3%, continuing the trend set by peers Morrisons and Sainsburys earlier this week. The company also reported healthy growth in clothing and toy sales (4.3% and 8.5% respectively)."
Full item here;
http://www.fool.co.uk/investing/2017/01 ... aming-buy/
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