Five year record

 

Figures below reflect the latest published information. For financial years prior to 2018, 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 2016. China was first classified as a discontinued operation in 2013/14.

The Group has determined new segments during the financial year. 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.

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  2014 2015(a) 2016 2017 2018
Financial statistics (£m)          
Sales          
UK & ROI   38,228 37,189 37,692 38,650
Central Europe   6,186 5,268 5,977 6,343
Asia   4,492 4,447 5,186 4,947
Tesco Bank  1,003 947 955 1,012 1,051
Group sales(c)   49,853 47,859 49,867 50,991
Revenue          
UK & ROI    45,062 43,080 43,524 44,908
Central Europe   6,424 5,451 6,195 6,585
Asia   4,492 4,447 5,186 4,947
Tesco Bank  1,003 947 955 1,012 1,051
Group revenue 63,557 56,925 53,933 55,917 57,491
Operating profit/(loss) before exceptional items(c)          
UK & ROI    498 503 803 1,053
Central Europe   (4) 102 58 119
Asia   258 218 262 299
Tesco Bank    188 162 157 173
Group operating profit/(loss) before exceptional items(c)    940 985 1,280 1,644
Operating profit margin before exceptional items    1.7% 1.8% 2.3% 2.9%
Operating profit/(loss)          
UK & ROI    (5,334)  597 519 1,199
Central Europe   (666) 111 190 212
Asia   97 203 231 277
Tesco Bank    153 161 77 149
Group operating profit/(loss) 2,631 (5,750)  1,072  1,017 1,837
Share of post-tax profits/(losses) of joint ventures and associates 60 (13) (21) (107) (6)
Net finance costs (432) (571) (849) (765) (533)
Profit/(loss) before tax 2,259 (6,334)  202 145 1,298
Taxation (347) 670 54 (87) (306)
Profit/(loss) for the year from continuing operations 1,912  (5,664)  256  58 992
Discontinued operations (942) (102) (127) (112) 216
Profit/(loss) for the year 970  (5,766)  129 (54) 1,208
Attributable to:          
Owners of the parent 974 (5,741) 138 (40) 1,206
Non-controlling interests (4) (25) (9) (14) 2
Profit before tax before exceptional items, net pension finance costs and fair value remeasurements on financial instruments(c)    516 509  781 1,282
Other financial statistics          
Diluted earnings/(losses) per share – continuing operations   (69.56)p 3.22p 0.81p 12.08p
Diluted earnings per share – continuing operations before exceptional items, net pension finance costs and fair value remeasurements on financial instruments(c)   5.70p 5.79p 7.30p 11.88p
Dividend per share(b) 14.76p 1.16p 3.00p
Cash generated from Retail operating activities (£m) 4,607 1,860 2,581 2,278 2,773
Return on capital employed (ROCE)(c) 13.6% 4.0% 6.2% 8.1% 10.9%
Total shareholder return(c) 3.7% (9.5)% (11.8)% (7.5)% 8.7%
Net debt (£m)(c) 6,597 8,481 5,110 3,729 2,625
Discounted operating lease commitments – continuing operations (£m) 9,419 9,353 7,814 7,440 6,931
Pension deficit, net of deferred tax – Group (£m) 2,559 3,885 2,612 5,504 2,728
Total indebtedness (£m)(c) 18,575 21,719 15,536 16,673 12,284
Enterprise Value (£m)(c) 33,597 28,415 20,101 19,262 19,452
Group Retail statistics          
Number of stores(d) 7,305 6,849 6,733 6,809 6,966
Total sales area (’000 sq. ft.)(d) 109,572 95,811 91,195 89,041 87,990
Average employees 510,444 480,607 475,399 464,520 448,988
Average full-time equivalent employees (FTE) 391,868 362,370 351,289 342,770 327,916
UK & ROI Retail statistics          
Number of stores(d) 3,524 3,710 3,743 3,739 3,754
Total sales area (’000 sq. ft.)(d) 45,300 45,946 45,253 43,610 43,577
Average full-time equivalent employees (FTE)   225,192 225,378 218,522 210,312
Revenue (exc. fuel) (per FTE – £)   169,757 165,007 172,486 183,775
Weekly revenue (exc. fuel) (per sq. ft. – £)   15.81 15.68 16.31 17.05

(a) 53 weeks.

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

(c) See glossary for definitions.

(d) Including franchise stores.