Key Facts

    £63.6bn

    Group SalesΔ,1 

    2024: £61.5bn

    28.3%

    UK market share (sales value)

    2024: 27.6%

    £(9,454)m

    Net debtΔ,3

    2024: £(9,684)m

    £3,128m

    Adjusted operating profitΔ,2

    2024: £2,829m

    13.70p

    Dividend per share

    2024: 12.10p 

    28pts

    Group net promoter score6 

    2024: 19pts

    27.38p

    Adjusted diluted EPSΔ,2 

    2024: 23.41p

    £1,750m

    Free cash flowΔ,4

    2024: £2,063m

    £69.9bn

    Statutory revenue

    2024: £68.2bn

    £2,711m

    Statutory operating profit

    2024: £2,821m

    £2,215m

    Statutory profit before tax

    2024: £2,289m 

    23.13p

    Statutory diluted EPS

    2024: 24.53p

     

    The performance of the Banking operations has been presented as a discontinued operation to the date of disposal. The Insurance and Money Services business has been presented on a continuing basis and therefore within headline performance measures.

     Δ Alternative performance measures (APMs) – the Group has defined and outlined the purpose of its APMs in the Glossary starting on page 228 of the annual report.

    1. Group sales exclude VAT and fuel.
    2. Adjusted operating profit and Adjusted diluted EPS exclude the impact of adjusting items. Refer to Note 5 on page 151.
    3. Net debt now includes Insurance and Money Service, with the prior year reported on a consistent basis. The impact of the prior year is to reduce Net debt by £80m. Further information on Net debt can be found in Note 32 on page 209.
    4. Free cash flow is an APM defined and outlined in the Glossary starting on page 228. See the Glossary starting on page 228 for details of changes to APMs.
    5. UK market share based on Kantar Grocers Total Till Roll on a 12-week basis ending 23 February 2025.
    6. Basis – Tesco Global Brand tracker on a three-month rolling basis