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Tesco plc ( (GB:TSCO) ) just unveiled an update.
Tesco reported steady growth for the 53 weeks to 28 February 2026, with group sales excluding fuel rising 4.6% to £66.6bn and adjusted operating profit edging up to £3.15bn on a comparable 52‑week basis. Statutory operating profit climbed 10.1%, diluted EPS rose sharply, and free cash flow improved to nearly £2bn, supporting a higher dividend despite an increase in net debt linked to prior banking disposals.
Chief executive Ken Murphy said sustained investment in low prices, quality and service amid cost‑of‑living pressures and Middle East‑related uncertainty has driven Tesco’s highest U.K. market share in over a decade. Strategic progress under its “Save to Invest” programme, expanded value initiatives and rapid‑delivery growth, combined with refreshed long‑term ambitions in food leadership, broader everyday services and supplier partnerships, position the retailer for continued market outperformance and long‑term growth while funding wage increases and staff bonuses.
The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.45 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.
Spark’s Take on TSCO Stock
According to Spark, TipRanks’ AI Analyst, TSCO is a Outperform.
Tesco plc’s overall stock score reflects a stable financial performance with some challenges in revenue growth and cash flow. The technical analysis suggests a positive momentum, and the valuation is fair. The earnings call provided a positive outlook with raised profit guidance, and the significant share buyback program enhances shareholder value.
To see Spark’s full report on TSCO stock, click here.
More about Tesco plc
Tesco plc is a leading multinational grocery and general merchandise retailer, operating supermarkets, convenience stores and online channels across the U.K., Ireland and Central Europe. The group focuses on food-led retailing, wholesale via Booker, and complementary services such as clothing, mobile, pharmacy and financial products, targeting value-conscious mass‑market consumers.
Average Trading Volume: 17,160,025
Technical Sentiment Signal: Buy
Current Market Cap: £29.99B
Find detailed analytics on TSCO stock on TipRanks’ Stock Analysis page.