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Tesco

Overview
Activities
Financials

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 65.8 billion (~USD 80 billion) in FY2023 (year ending February 25).

Tesco operated 2,803 grocery and general merchandise retailing stores in the UK as of February 2023; its share in the UK grocery market was ~27% 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 3.4% YoY and reach GBP 68 billion by FY2024, rising to GBP 70.5 billion by FY2026. Tesco aims to achieve carbon neutrality in its operations by 2035 and a net-zero status across its value chain by 2050.

HQ Location:
Shire Park, Kestrel Way Welwyn Garden City GBR
Founded year:
1919
Employees:
10,000+
Key CVC / asset management units:
dunnhumby Ventures
Plant-based Meat
Plant-based Meat
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EDGE Insights

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Recent Updates

Partnerships
Feb 24, 2022
Apeel Sciences launches edible coating for ASDA and Tesco in the UK
Food Waste
Partnerships
Feb 8, 2022
Berry Global and Tesco team up to recycle soft plastic
Waste Recovery & Management Tech
Partnerships
Product updates
Oct 18, 2021
Trigo powers Tesco’s first checkout-free grocery store in London
Automated Stores
Product updates
Oct 4, 2021
Samworth Brothers begins manufacturing plant-based meat for Tesco
Plant-based Meat
Partnerships
May 25, 2021
Tesco collaborates with Beyond Meat to launch ready made meals
Plant-based Meat
Earnings/results
Feb 3, 2021
Tesco sees growth in plant-based sales in January
Plant-based Meat
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