Tesco PLC – Company Information

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Tesco PLC – Company Overview

Tesco PLC logo
Company Tesco PLC
Headquarters Tesco Stores Ltd, Tesco House, Shire Park, Kestrel Way, Welwyn Garden City, AL7 1GA
Group Chief Executive Dave Lewis
CFO Alan Stewart
Industry Retail
Type Public
Founder Jack Cohen
Founded 1919
LSE stock symbol TSCO
Revenue £62, 284 million GBP (2015)
Operating loss £(5,792) million GBP (2015)
Loss for the year £(5,766) million GBP (2015)
Employees 506,984 (2015)
Website http://www.tesco.com/
Corporate website http://www.tescoplc.com/
IR contact number  +44 (0) 1707 912 922
IR email address [email protected]

Tesco PLC is one of the world’s leading retailers and the UK’s number one supermarket (in terms of market share). The company is based in Hertfordshire, England.

Tesco PLC has business operations in 12 countries across Europe, Asia, and North America.

According to Tesco, the company has 530,000 employees that serve millions of customers every week through the company’s stores and websites.

The company’s slogan is “Working to make what matters better, together”.

Tesco was founded by Jack Cohen as a group of market stalls in 1919 and the very first Tesco store opened its doors a decade later in 1929 (in Middlesex).

In 1947 Tesco was floated on the London Stock Exchange (LSE) as Tesco Stores (Holdings) Limited.


Tesco PLC – Financial Results

Key figures (in millions of £) 2015* 2014*
Revenue £62,284 £63,557
Gross (loss)/profit £(2,112) £4,010
Operating (loss)/profit £(5,792) £2,631
(Loss)/Profit before tax £(6,376) £2,259
(Loss)/Profit for the year £(5,766) £970
Net assets £7,071 £14,722
Cash and cash equivalents at beginning of the year £2,813 £2,531
Cash and cash equivalents at end of the year £2,165 £2,506

*Years ended February 28, 2015 and February 22, 2014.

Source: “Tesco PLC – 2015 Annual Report”


News about Tesco PLC reported by our Market Business News team

January 31, 2016: Tesco paid suppliers late to improve own financial position

January 22, 2016: Asda and Tesco cut diesel prices to six-year low of 97.7p a litre


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