Five year record

 

Figures below reflect the latest published information. For financial years prior to 2019, these figures represent the comparatives from the following years’ financial statements. During 2017, the Group decided to sell its operations in Turkey. Accordingly, these operations were treated as discontinued in 2017. The 2016 statistics have been re-presented to be consistent with 2017. Prior years have not been re-presented. Korea was first classified as a discontinued operation in 2015/16. China was first classified as a discontinued operation in 2013/14.

The Group has determined new segments and defined new non-GAAP measures for 2015/16 onwards. Refer to Note 1 and Note 2. 2014/15 data for these new measures and segments has been presented, but prior historic data has not.

In 2018, the Group reassessed its reportable segments and determined that the retailing and associated activities previously disclosed within the International segment should be segregated between the Central Europe and Asia segments. Refer to Note 2. The Group had also determined new segments and defined new APMs during 2016. Historical data up to 2015 data for these new measures and segments has been presented, but prior historic data has not. The Group determined new APMs during 2019 and historical data for the new measures have not been restated as the impact is not considered material. Refer to Note 1 and the Glossary.

Visit our downloads centre to download this in Excel or PDF format

  2015(a) 2016 2017 2018 2019
Financial statistics (£m)          
Sales          
UK & ROI 38,228 37,189 37,692 38,656 44,883
Central Europe 6,186 5,268 5,977 6,343 6,030
Asia 4,492 4,447 5,186 4,947 4,873
Tesco Bank 947 955 1,012 1,047 1,097
Group sales(c) 49,853 47,859 49,867 50,993 56,883
Revenue          
UK & ROI 45,062 43,080 43,524 44,914 51,643
Central Europe 6,424 5,451 6,195 6,585 6,298
Asia 4,492 4,447 5,186 4,947 4,873
Tesco Bank 947 955 1,012 1,047 1,097
Group revenue 56,925 53,933 55,917 57,493 63,911
Operating profit/(loss) before exceptional items and amortisation of acquired intangibles(c)          
UK & ROI  498 503 803 1,059 1,537
Central Europe (4) 102 58 119 186
Asia 258 218 262 299 286
Tesco Bank  188 162 157 169 197
Group operating profit/(loss) before exceptional items and amortisation of acquired intangibles(c)  940 985 1,280 1,646 2,206
Operating profit margin before exceptional items and amortisation of acquired intangibles  1.7% 1.8% 2.3% 2.9% 3.5%
Operating profit/(loss)          
UK & ROI  (5,334)  597 519 1,205 1,535
Central Europe (666) 111 190 212 232
Asia 97 203 231 277 219
Tesco Bank  153 161 77 145 167
Group operating profit/(loss) (5,750)  1,072  1,017 1,839 2,153
Share of post-tax profits/(losses) of joint ventures and associates (13) (21) (107) (6) 35
Net finance costs (571) (849) (765) (533) (514)
Profit/(loss) before tax (6,334)  202 145 1,300 1,674
Taxation 670 54 (87) (306) (354)
Profit/(loss) for the year from continuing operations  (5,664)  256  58 994 1,320
Discontinued operations (102) (127) (112) 216
Profit/(loss) for the year  (5,766)  129 (54) 1,210 1,320
Attributable to:          
Owners of the parent (5,741) 138 (40) 1,208 1,322
Non-controlling interests (25) (9) (14) 2 (2)
Profit before tax, exceptional items and amortisation of acquired intangibles, net pension finance costs and fair value remeasurements on financial instruments(c)  516 509  781 1,284 1,958
Other financial statistics          
Diluted earnings/(losses) per share – continuing operations (69.56)p 3.22p 0.81p 12.11p 13.55p
Diluted earnings per share – continuing operations before exceptional items and amortisation of acquired intangibles,
net pension finance costs and fair value remeasurements on financial instruments(c)
5.70p 5.79p 7.30p 11.90p 15.40p
Dividend per share(b) 1.16p 3.00p 3.67p
Cash generated from retail operating activities (£m) 1,860 2,581 2,278 2,773 2,502
APM: Free cash flow (£m) (716) 1,482 1,288 1,388 906
Return on capital employed (ROCE)(c) 4.0% 6.2% 8.1% 11.0% 11.1%
Total shareholder return(c) (9.5)% (11.8)% (7.5)% 8.7% 10.2%
Net debt (£m)(c) 8,481 5,110 3,729 2,625 2,863
Discounted operating lease commitments – continuing operations (£m) 9,353 7,814 7,440 6,931 6,999
Pension deficit, net of deferred tax – Group (£m) 3,885 2,612 5,504 2,728 2,338
Total indebtedness (£m)(c) 21,719 15,536 16,673 12,284 12,200
Enterprise value (£m)(c) 28,415 20,101 19,262 19,452 24,683
Group retail statistics          
Number of stores(d) 6,849 6,733 6,809 7,033 6,993
Total sales area (’000 sq. ft.)(d) 95,811 91,195 89,041 92,983 91,298
Average employees 480,607 475,399 464,520 448,988 464,505
Average full-time equivalent employees (FTE) 362,370 351,289 342,770 327,916 321,490
UK & ROI Retail statistics          
Number of stores(d) 3,710 3,743 3,739 3,952 3,961
Total sales area (’000 sq. ft.)(d) 45,946 45,253 43,610 42,032 50,521
Average full-time equivalent employees (FTE) 225,192 225,378 218,522 210,312 223,542
Revenue (exc. fuel) (per FTE – £) 169,757 165,007 172,486 183,804 200,781
Weekly revenue (exc. fuel) (per sq. ft. – £) 15.81 15.68 16.31 17.36 18.65

(a) 53 weeks.

(b) Dividend per share relating to the interim and proposed final dividend.

(c) See glossary for definitions.

(d) Including franchise stores.