Tesco reports strong H1 results and lifts FY 2027 profit guidance
Tesco PLC posted a higher first‑half profit, with profit before tax of £1.455 billion, a 11.5% rise year‑on‑year, and adjusted operating profit of £1.78 billion, up 6.5%. The retailer raised its full‑year adjusted operating profit outlook to £3.15‑£3.30 billion, increased its share‑buyback programme to £950 million and lifted capital‑expenditure guidance to about £1.7 billion. Online sales grew 8% and the rapid‑delivery service Whoosh expanded 37% in the half.
Why it matters
The higher profit and upgraded guidance suggest stronger cash generation, which supports the larger share‑buyback and capex plans, potentially benefitting shareholders (Tesco’s announcement). The increase in online sales and rapid‑delivery growth signals continued momentum in Tesco’s digital channels, which could sustain revenue growth.
Key facts
- 1Profit before tax was £1.455 billion, up 11.5% from the prior year period. rttnews.com
- 2Adjusted operating profit rose 6.5% to £1.78 billion. investing.com
- 3Full‑year adjusted operating profit guidance was raised to £3.15 billion‑£3.30 billion. directorstalkinterviews.com
- 4The current‑year share‑buyback programme was increased to £950 million. rttnews.com
- 5Capital‑expenditure guidance was lifted to about £1.7 billion. directorstalkinterviews.com
- 6Online sales grew 8% in the half. directorstalkinterviews.com
Summary written by AlphAI from 4 of 4 sources. Not investment advice. Figures are as stated by the linked sources.