TSCO 3rd Quarter

Practical discussions about equity High-Yield Portfolios (HYP) for income
Horsey
Posts: 13
Joined: November 4th, 2016, 1:25 pm

TSCO 3rd Quarter

Postby Horsey » January 12th, 2017, 7:55 am

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."

idpickering
Lemon Slice
Posts: 255
Joined: November 4th, 2016, 5:04 pm

Re: TSCO 3rd Quarter

Postby idpickering » January 12th, 2017, 1:59 pm

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/


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