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Tesco Plc dropped 0.2% to 334.40 pence after the UK-based food retailer reported preliminary results for 2024 ending in February.

Revenue edged up to £69.92 billion from £68.19 billion, profit jumped to £1.63 billion from £1.19 billion, and diluted earnings per share rose to 23.51 pence from 16.56 pence a year ago.

Same-store sales declined by 1.8%, reflecting a continuing decline in the tobacco market and weakness in parts of the fast-food market serviced by Best Food Logistics, while the core retail and catering businesses grew despite a challenging market backdrop.

The company paid a dividend of 13.70 pence per share, compared to 12.10 pence per share in the previous year.

Tesco proposed a final dividend of 9.45 pence per share, payable on June 27 to shareholders on record as of May 16.


10 Apr, 2025

     

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