Tesco lifts lower end of profit guidance after interim jump
Tesco raised its expected adjusted operating profit range to £3.15bn–£3.30bn and increased its share buyback to £950m, after interim earnings rose 6.5%.
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06:44:32 AM UTC
SquawkNews
By Aimee LookTesco narrowed its adjusted operating profit outlook for the year to the higher end of its guidance, expecting further momentum after a rise in sales for the first fiscal half.The British supermarket chain on Thursday said it was expecting adjusted operating profit to be 3.15 billion p…
06:45:48 AM UTC
SquawkNews
LONDON (dpa-AFX) - British retail major Tesco Plc (TSCO.L) reported Thursday strong first-half results and raised its fiscal 2027 profit outlook on the back of resilient consumer demand and operational improvements. Further, the firm raised share buyback program.The supermarket operator posted prof…
3bn range set out in April. It also raised its share buyback to £950m from £750m. 5%.