Tesco widens profit outlook amid geopolitical uncertainty [Yahoo! Finance]
TESCO PLC S/ADR (TSCDY)
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Source: Yahoo! Finance
The retailer expects adjusted operating profit in the range of £3bn ($4.05bn) to £3.3bn for the current financial year, widening its guidance to reflect uncertainty associated with the war in Iran. Tesco CEO Ken Murphy said: “We are committed to doing whatever we can to help keep down the cost of the weekly shop, and with the conflict in the Middle East creating further uncertainty for consumers and the economy more broadly, that commitment matters more than ever. “Over the last year, despite cost pressures from new regulations, we have increased our investments in keeping prices low, further improving quality and offering even better service.” For the 12 months ended 28 February 2026, adjusted operating profit rose marginally by 0.8% year-on-year to £3.15bn on a 52-week basis. Group sales excluding VAT and fuel increased 4.6% at actual exchange rates to £66.58bn over the same period. On a reported 53-week basis, sales reached £67.72bn, marking a 6.4% increase. Including
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