Five year record
Figures below reflect the latest published information. For years prior to 2016/17, these figures represent the comparatives from the following years’ financial statements. During the financial year, the Group decided to sell its operations in Turkey. Accordingly, these operations have been 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. US was first classified as a discontinued operation in 2012/13.
The Group has determined new segments and defined new alternative performance 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.
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| 2013 | 2014 | 2015(a) | 2016 | 2017 | |
|---|---|---|---|---|---|
| Financial statistics (£m) | |||||
| Revenue (exc. fuel)(c) | |||||
| UK & ROI | 38,228 | 37,189 | 37,692 | ||
| International | 10,678 | 9,715 | 11,163 | ||
| Tesco Bank | 1,021 | 1,003 | 947 | 955 | 1,012 |
| Group revenue (exc. fuel)(c) | 49,853 | 47,859 | 49,867 | ||
| Revenue | |||||
| UK & ROI | 45,062 | 43,080 | 43,524 | ||
| International | 10,916 | 9,898 | 11,381 | ||
| Tesco Bank | 1,021 | 1,003 | 947 | 955 | 1,012 |
| Group revenue | 63,406 | 63,557 | 56,925 | 53,933 | 55,917 |
| Operating profit before exceptional items(c) | |||||
| UK & ROI | 498 | 503 | 803 | ||
| International | 254 | 320 | 320 | ||
| Tesco Bank | 188 | 162 | 157 | ||
| Group Tesco Bank operating profit before exceptional items(c) | 940 | 985 | 1,280 | ||
| Operating profit margin before exceptional items | 1.7% | 1.8% | 2.3% | ||
| Operating profit/ (loss) | |||||
| UK & ROI | (5,334) | 597 | 519 | ||
| International | (569) | 314 | 421 | ||
| Tesco Bank | 153 | 161 | 77 | ||
| Group operating profit | 2,382 | 2,631 | (5,750) | 1,072 | 1,017 |
| Share of post-tax profits/ (losses) of joint ventures and associates | 72 | 60 | (13) | (21) | (107) |
| Net finance costs | (397) | (432) | (571) | (849) | (765) |
| Profit/ (loss) before tax | 2,057 | 2,259 | (6,334) | 202 | 145 |
| Taxation | (529) | (347) | 670 | 54 | (87) |
| Profit/ (loss) for the year from continuing operations | 1,528 | 1,912 | (5,664) | 256 | 58 |
| Discontinued operations | (1,504) | (942) | (102) | (127) | (112) |
| Profit/ (loss) for the year | 24 | 970 | (5766) | 129 | (54) |
| Attributable to: | |||||
| Owners of the parent | 28 | 974 | (5,741) | 138 | (40) |
| Non-controlling interests | (4) | (4) | (25) | (9) | (14) |
| Profit before tax before exceptional items and net pension finance costs(c) | 490 | 490 | 842 | ||
| Other financial statistics | |||||
| Diluted earnings/ (losses) per share – continuing operations | (69.56)p | 3.22p | 0.81p | ||
| Diluted earnings per share – continuing operations before exceptional items(c) | 4.14p | 4.05p | 6.75p | ||
| Diluted earnings per share – continuing operations before exceptional items and net pension finance costs(c) | 5.46p | 5.61p | 7.90p | ||
| Dividend per share(b) | 14.76p | 14.76p | 1.16p | – | – |
| Cash generated from retail operating activities (£m) | 3,888 | 4,607 | 1,860 | 2,581 | 2,278 |
| Return on capital employed ('ROCE')(c) | 14.5% | 13.6% | 4.0% | 6.2% | 8.1% |
| Total shareholder return(c) | 2.1% | 3.7% | (9.5%) | (11.8%) | (7.5%) |
| Net debt (excludes Tesco Bank)(c) | 6,597 | 6,597 | 8,481 | 5,110 | 3,729 |
| Discounted operating lease commitments | 10,182 | 9,419 | 9,353 | 7,814 | 7,440 |
| Pension deficit, IAS 19 basis (post tax)(c) | 1,839 | 2,559 | 3,885 | 2,612 | 5,504 |
| Total indebtedness (including lease commitments and pension deficit)(c) | 18,618 | 18,575 | 21,719 | 15,536 | 16,673 |
| Enterprise value (£m)(c) | 36,578 | 33,597 | 28,415 | 20,101 | 19,262 |
| Group retail statistics | |||||
| Number of stores(d) | 6,653 | 7,305 | 6,849 | 6,733 | 6,809 |
| Total sales area – '000 sq. ft.(d) | 106,040 | 109,572 | 95,811 | 91,195 | 89,041 |
| Average employees | 506,856 | 510,444 | 480,607 | 475,399 | 464,520 |
| Average full-time equivalent employees | 388,375 | 391,868 | 362,370 | 351,289 | 342,770 |
| UK & ROI retail statistics | |||||
| Number of stores(d) | 3,288 | 3,524 | 3,710 | 3,743 | 3,739 |
| Total sales area – '000 sq. ft.(d) | 43,950 | 45,300 | 45,946 | 45,253 | 43,610 |
| Average full-time equivalent employees ('FTE') | 225,192 | 225,378 | 218,522 | ||
| Revenue (exc. fuel) per FTE – £ | 169,757 | 165,007 | 172,486 | ||
| Weekly revenue (exc. fuel) per sq. ft. – £ | 15.81 | 15.68 | 16.31 |
(a) 53 weeks.
(b) Dividend per share relating to the interim and proposed final dividend.
(c) See glossary for definitions.
(d) Including franchise stores.
