Key facts


Group sales 
(2017/18: £51.0bn*)


Statutory revenue 
(2017/18: £57.5bn*)


Group operating profit before exceptional items
(2017/18: £1,646m*)


Operating profit
(2017/18: £1,839m*)


Statutory profit before tax
(2017/18: £1,300m*)


Diluted EPS before exceptional and other items (b)
(2017/18: 11.90p*)


Statutory diluted EPS
(2017/18: 12.11p*)


Retail operating cash flow 
(2017/18: £2,773m)

£(2.9)bn (c)

Net debt
(2017/18: £(2.6)bn)


Dividend per share
(2017/18: 3.00p)


  • (a) Excludes amortisation of acquired intangibles and excludes exceptional items by virtue of their size and nature in order to reflect management’s view of the underlying performance of the Group.
  • (b) Diluted EPS before exceptional and other items refers to diluted earnings per share from continuing operations before exceptional items and amortisation of acquired intangibles, net pension finance costs and fair value remeasurements on financial instruments.
  • (c)Net debt and Retail operating cash flow exclude the impact of Tesco Bank.
  • * Restated for the adoption of IFRS 15 as explained in Note 1 and Note 36.