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Tesco (TSCO)

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Tesco sees \'significant optionality for competitive growth\'

18 Jun 19

LONDON (ShareCast) - (Sharecast News) - Tesco sees \"significant optionality\" for competitive growth, as well as room for greater margins and increased cash generation.
In a corporate presentation published on the grocer\'s website ahead of its Capital Markets Day, the company said: \"We have significant optionality for sustainable competitive growth.

\"We have the further cost reduction and mix opportunities that allow us to offset inflation, improve our customer offer and/or increase margin.

\"We have the systems and processes which enable us to enhance cash growth ahead of profit.\"

Echoing that sentiment, earlier on Friday ShoreCap\'s Clive Black and Darren Shirley told clients that \"there is reasonable scope to anticipate good earnings, free cash and income growth to come for investors through FY2020 and into the medium-term.\"

As of 1446 BST, shares of Tesco were jumping by 3.79% to 235.60p.

Note 1: Prices and trades are provided by Digital Look Corporate Solutions and are delayed by at least 15 minutes.


Market Data

Currency UK Pounds
Price 235.50p
Change Today 1.00p
52 Week High 253.00p
52 Week Low 189.55p
Volume 14,409,810
Shares Issued 9,794m
Market Cap 23,064m


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Amount 4.10p 1.67p