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.