The Tesco Group (LSE: TSCO) is a British multinational consumer goods retailer. The company has been listed on the London Stock Exchange since 1947. Tesco generated revenue of GBP 68 billion (~USD 86 billion) in FY2024 (year ending February 25).
Tesco operated 2,863 grocery and general merchandise retailing stores in the UK as of February 2024; its share in the UK grocery market was ~28% as of the same date. Tesco’s other business operations include: Booker (food and beverages wholesaler); One Stop convenience stores chain; Tesco Mobile; F&F clothing line; dunnhumby (a subsidiary offering data analytics services to retail businesses); and Tesco Bank.
The UK is Tesco’s largest retail market, accounting for ~76% of the retail revenue (excluding Booker). Tesco also operates retail stores across the Czech Republic, Slovakia, Ireland, and Hungary. It expects revenue to increase 2.5% YoY and reach GBP 70 billion by FY2025, rising to GBP 73 billion by FY2027. Tesco aims to achieve carbon neutrality in its operations by 2035 and a net-zero status across its value chain by 2050.
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