Consensus

The forecasts in this analysis have been gathered for Tesco PLC through Vuma Consensus, an independent website, from a number of registered investment analysts.

This information on this page was consolidated in February 2013

	Reported	Forecast
	2011/12 year to Feb 12	2012/13 year to Feb 13	2013/14 year to Feb 14	2014/15 year to Feb 15
Estimates		21	21	21
Group Revenue (ex VAT, inc petrol £m)*	65,166	66,187	68,896	72,082
High		68,074	71,301	76,398
Low		64,829	66,208	66,456
Group Trading Profit (£m)	3,761	3,396	3,568	3,815
High		3,475	3,708	4,117
Low		3,333	3,189	3,078
Statutory Operating Profit (£m)	3,985	3,648	3,755	3,987
High		3,822	4,045	4,467
Low		3,563	3,445	3,378
Statutory Profit before Tax (£m)	3,835	3,413	3,555	3,828
High		3,598	3,890	4,337
Low		3,324	3,226	3,108
Underlying Profit before Tax (£m)	3,915	3,502	3,629	3,905
High		3,630	3,909	4,337
Low		3,380	3,226	3,108
Underlying diluted EPS (p)**	37.41	33.23	34.42	37.21
High		34.80	37.56	42.04
Low		30.34	31.30	33.07
Dividend per share (p)	14.76	14.68	15.41	16.64
High		15.00	16.77	19.56
Low		13.70	13.60	14.30

* Revenue (ex VAT) is stated before the impact of IFRIC 13
** Underlying diluted earnings per share (p)

The forecasts in this analysis have been gathered for Tesco PLC through Vuma Consensus, an independent website, from a number of registered investment analysts and are, as such, publicly available information. Tesco PLC has not commented on any individual forecasts nor does it intend to do so in the future. Vuma Financial Limited has had no access to Tesco's internal budgets, forecasts or information which is not generally available. Tesco is not regulated by the Financial Services Authority and cannot offer investment advice. It should be noted that forecasts are by definition forward looking and are therefore subject to risks and uncertainties that may materially affect eventual results.
Although Tesco will endeavour to procure that the information is kept updated, Tesco assumes no obligation to update or revise such information to reflect circumstances existing after the date hereof. Nothing in this analysis should be taken as a recommendation to buy or sell shares in Tesco or to take any other action or place any reliance on the analysis.

Neither Tesco nor any subsidiary undertaking or any director, officer or employee of Tesco accepts any responsibility for the accuracy of the forecasts used in this analysis and therefore shall have no liability whatsoever for the consequences of any reliance or actions taken or not taken based on any of the information in this analysis.

Tesco PLC would like to thank the following investment banks and brokers: