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Tesco PLC (GB:TSCO)
LSE:TSCO

Tesco plc (TSCO) AI Stock Analysis

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GB:TSCO

Tesco plc

(LSE:TSCO)

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Outperform 74 (OpenAI - 5.2)
Rating:74Outperform
Price Target:
561.00 p
▲(19.64% Upside)
Action:UpgradedDate:12/07/25
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.
Positive Factors
Market leadership and share gains
Tesco's >28% UK market share and 5.1% group sales growth indicate a durable leadership position. Scale delivers purchasing power, superior distribution economics and promotional reach, helping protect margins and volumes through competitive cycles and structural retail consolidation.
Sustained free cash flow generation
GBP 1.3bn free cash flow shows the business can generate meaningful cash even amid pressures. Consistent FCF supports capex for online/store investment, funds shareholder returns or buybacks, and provides a buffer for deleveraging, underpinning long-term strategic flexibility.
Online and convenience channel expansion
Double-digit online growth and rapid Whoosh expansion reflect structural customer migration to e-grocery and quick commerce. Strength in digital and convenience diversifies revenue, increases lifetime customer value, and leverages fulfillment scale to lower per-order costs over time.
Negative Factors
Elevated leverage / rising net debt
Net debt rising to ~GBP 9.9bn, partly driven by buybacks, raises structural financial risk. Higher leverage limits flexibility for M&A or investment, increases interest exposure and heightens sensitivity to margin or sales shocks, making long-term capital allocation more constrained.
Weak cash conversion trends
A decline in FCF growth and weak OCF-to-net-income conversion is a structural concern. Poor cash conversion reduces capacity to fund capex, dividends or buybacks without increasing debt, and makes the business more vulnerable to working-capital swings and profitability volatility over time.
Operating cost inflation and regional profit pressure
Persistent operating cost inflation and new levies increase the structural cost base. Combined with profit declines in Central Europe and Ireland non-food headwinds, these trends pressure margins and require sustained efficiency programmes to avoid lasting profit erosion.

Tesco plc (TSCO) vs. iShares MSCI United Kingdom ETF (EWC)

Tesco plc Business Overview & Revenue Model

Company DescriptionTesco PLC, together with its subsidiaries, engages in retailing and retail banking activities. It provides food products through approximately 4,752 stores in the United Kingdom, Republic of Ireland, the Czech Republic, Slovakia, and Hungary, as well as through online. The company is also involved in the food and drink wholesaling activities. In addition, it offers banking and insurance services in the United Kingdom. Further, the company operates a network of one stop convenience stores; and provides data science, technology, software, and consultancy services. Tesco PLC was founded in 1919 and is headquartered in Welwyn Garden City, the United Kingdom.
How the Company Makes MoneyTesco generates revenue primarily through the sale of groceries and general merchandise in its retail stores, which include hypermarkets, supermarkets, and convenience stores. The company has several key revenue streams, including in-store sales, online grocery deliveries, and sales from its clothing and non-food items. Additionally, Tesco operates a loyalty program, Clubcard, which helps drive customer retention and increase sales. The company also earns income through its financial services division, offering products such as banking, insurance, and credit cards. Strategic partnerships with suppliers and brands enable Tesco to optimize its product offerings and pricing, while cost control measures, such as supply chain efficiency and operational improvements, contribute to its profitability.

Tesco plc Earnings Call Summary

Earnings Call Date:Oct 02, 2025
(Q2-2026)
|
% Change Since: |
Next Earnings Date:Apr 16, 2026
Earnings Call Sentiment Positive
The earnings call highlighted strong sales growth, market share gains, and customer satisfaction improvements, driven by strategic investments in pricing, product innovation, and online capabilities. Despite these achievements, the company faced challenges with increased net debt and operating cost pressures. Overall, Tesco's strategic initiatives have positioned it well for future growth.
Q2-2026 Updates
Positive Updates
Strong Group Sales and Market Share Growth
Group sales grew by 5.1% with a 4.3% increase in like-for-like sales. The company achieved market share gains, maintaining its leadership position, especially in the UK and Ireland, where sales grew by 5.6%.
Record Net Promoter Score
Tesco's Net Promoter Score reached its highest level in 6 years, reflecting increased customer satisfaction and brand perception.
Successful Product Innovation
The launch of 470 new products, including a successful Finest range which grew over 16% year-on-year, contributed to strong sales performance.
Improved Online and Convenience Sales
Online sales grew by 11.4%, with 112 basis points of market share gain, and Tesco Whoosh saw a 60% growth. Convenience sales also increased by 1.4%.
Employee and Community Investments
Above-inflation pay increase of 5.2% for employees and significant investments in community initiatives, such as the Fruit & Veg for Schools program, which distributed over 10.8 million portions.
Updated Profit Guidance
Full-year group adjusted operating profit guidance increased to between GBP 2.9 billion and GBP 3.1 billion.
Negative Updates
Increased Net Debt
Net debt increased by GBP 430 million to GBP 9.88 billion, partly due to the buyback program and the return of proceeds from the banking operations sale.
Operating Cost Pressures
Operating cost inflation persisted, including increased national insurance contributions and a new EPR levy, which were partially offset by the Save to Invest program.
Challenges in Non-Food Sales in Ireland
Non-food sales in Ireland decreased by 1.8%, impacted by a 3.8 percentage point decline from transitioning to a commission model for toys.
Decline in Central Europe Operating Profit
Adjusted operating profit in Central Europe decreased by GBP 5 million due to competitive pressures and lower rental income.
Company Guidance
During the call, Tesco provided guidance for the fiscal year, highlighting strong sales growth of 5.1% and an adjusted operating profit increase of 1.6%. The company emphasized its strategic investments in value, quality, and service, which have resonated with customers, leading to satisfaction gains and continued market share growth, particularly in the U.K. where their share surpassed 28%. Net Promoter Score reached a six-year high, and the company reported GBP 1.3 billion in free cash flow, maintaining a net debt of GBP 9.88 billion. Tesco raised its full-year adjusted operating profit guidance to between GBP 2.9 billion and GBP 3.1 billion, citing better-than-expected customer responses to their investments, strong cost control, and favorable weather conditions. The company also highlighted progress in its Save to Invest program, aiming for GBP 500 million in savings to offset cost pressures, and noted ongoing investments in online expansion and sustainable initiatives.

Tesco plc Financial Statement Overview

Summary
Tesco plc's financial performance is stable but with some concerns. The income statement shows healthy operational margins, but revenue growth has been negative, and cash flow generation is challenging. The balance sheet indicates high leverage, which poses a risk, but strong return on equity suggests efficient capital use.
Income Statement
65
Positive
Tesco plc's income statement shows a mixed performance. The gross profit margin has been relatively stable, but the net profit margin has seen fluctuations, indicating some volatility in profitability. The revenue growth rate has been negative in the most recent year, which is a concern. However, EBIT and EBITDA margins remain healthy, suggesting operational efficiency.
Balance Sheet
70
Positive
The balance sheet reflects a moderate level of financial stability. The debt-to-equity ratio is relatively high, indicating significant leverage, which could pose risks if not managed properly. However, the return on equity is strong, showing effective use of shareholder funds. The equity ratio suggests a balanced capital structure.
Cash Flow
60
Neutral
Cash flow analysis reveals challenges, with a significant decline in free cash flow growth. The operating cash flow to net income ratio is low, indicating potential issues in converting income into cash. However, the free cash flow to net income ratio is reasonable, suggesting some ability to generate cash relative to earnings.
BreakdownTTMFeb 2025Feb 2024Feb 2023Feb 2021Feb 2020
Income Statement
Total Revenue71.18B69.92B68.19B65.76B61.34B58.09B
Gross Profit5.46B5.36B4.85B4.68B4.69B4.41B
EBITDA4.22B4.23B4.83B3.19B4.39B3.91B
Net Income1.52B1.63B1.19B737.00M1.48B971.00M
Balance Sheet
Total Assets39.51B38.89B47.04B46.13B49.35B53.15B
Cash, Cash Equivalents and Short-Term Investments4.57B4.63B4.67B4.45B4.65B5.42B
Total Debt14.97B14.67B14.84B15.08B15.36B17.79B
Total Liabilities28.71B27.23B35.37B33.90B33.71B39.78B
Stockholders Equity10.81B11.67B11.67B12.24B15.66B13.39B
Cash Flow
Free Cash Flow1.79B1.68B2.45B2.56B2.61B-1.10B
Operating Cash Flow3.15B2.92B3.84B3.81B3.79B108.00M
Investing Cash Flow-1.52B-441.00M-1.70B-790.00M-1.77B2.34B
Financing Cash Flow-3.07B-2.94B-1.86B-3.19B-2.23B-1.94B

Tesco plc Technical Analysis

Technical Analysis Sentiment
Neutral
Last Price468.90
Price Trends
50DMA
459.03
Positive
100DMA
453.71
Positive
200DMA
437.06
Positive
Market Momentum
MACD
3.63
Positive
RSI
45.67
Neutral
STOCH
41.44
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For GB:TSCO, the sentiment is Neutral. The current price of 468.9 is below the 20-day moving average (MA) of 480.15, above the 50-day MA of 459.03, and above the 200-day MA of 437.06, indicating a neutral trend. The MACD of 3.63 indicates Positive momentum. The RSI at 45.67 is Neutral, neither overbought nor oversold. The STOCH value of 41.44 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for GB:TSCO.

Tesco plc Risk Analysis

Tesco plc disclosed 15 risk factors in its most recent earnings report. Tesco plc reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks

Tesco plc Peers Comparison

Overall Rating
UnderperformOutperform
Sector (62)
Financial Indicators
Name
Overall Rating
Market Cap
P/E Ratio
ROE
Dividend Yield
Revenue Growth
EPS Growth
74
Outperform
£29.80B7.5813.57%3.25%1.05%-20.25%
70
Outperform
£7.41B11.605.08%4.02%0.82%160.81%
69
Neutral
£12.46B15.479.22%2.98%-3.06%-26.93%
68
Neutral
£1.57B14.0127.24%3.34%8.06%5.15%
66
Neutral
£1.67B12.4034.27%17.38%1.74%-23.72%
62
Neutral
$20.33B14.63-3.31%3.23%1.93%-12.26%
54
Neutral
$1.59B3.6224.47%
* Consumer Defensive Sector Average
Performance Comparison
Ticker
Company Name
Price
Change
% Change
GB:TSCO
Tesco plc
468.90
154.87
49.32%
GB:OCDO
Ocado Group
191.65
-68.35
-26.29%
GB:ABF
Associated British Foods
1,770.00
-93.70
-5.03%
GB:BME
B&M European Value Retail SA
166.50
-81.55
-32.88%
GB:GRG
Greggs plc
1,543.00
-170.40
-9.95%
GB:SBRY
J Sainsbury plc
333.00
115.16
52.86%

Tesco plc Corporate Events

Executive/Board ChangesRegulatory Filings and Compliance
Tesco Executives Acquire Shares Under Routine Incentive Plan
Neutral
Mar 16, 2026

Tesco has reported routine share purchases for several senior executives under its Share Incentive Plan, with trustees acquiring small amounts of ordinary shares on 13 March 2026 at a price of £4.808 per share. The transactions, involving the CEO, regional and functional heads, reflect ongoing alignment of management compensation with shareholder interests and are disclosed in line with UK Market Abuse Regulation requirements.

While the volumes involved are modest and not expected to affect Tesco’s capital structure or trading dynamics, the announcement underscores continued use of equity-based incentives across the leadership team. Such schemes are designed to strengthen long-term commitment to the business and enhance governance transparency for investors, as regulators maintain strict oversight of dealings by persons discharging managerial responsibilities.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco CTO Guus Dekkers Sells £1.17m Stake in Share Deal
Neutral
Feb 25, 2026

Tesco plc has disclosed that Chief Technology Officer Guus Dekkers sold 233,727 ordinary shares in the company on 24 February 2026 at a price of £5.00 per share, for a total value of about £1.17 million. The transaction, executed on the London Stock Exchange’s Main Market, is a routine regulatory disclosure under the Market Abuse Regulation and signals internal share dealing activity by a senior executive, which investors may watch for sentiment or portfolio-management motives.

The company emphasised that the notification complies with U.K. rules governing dealings by persons discharging managerial responsibilities and provided standard corporate details, including its Legal Entity Identifier. While no rationale for the sale was disclosed, such moves can influence market perceptions of management confidence and ownership alignment, although they are often linked to personal financial planning rather than changes in business fundamentals.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £544.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco Executives Add Shares Through Routine Incentive Plan Purchases
Neutral
Feb 16, 2026

Tesco has disclosed a series of routine share purchases by senior executives under its Share Incentive Plan, with trustees acquiring small numbers of ordinary shares on 13 February for Group CEO Ken Murphy and other top managers at a price of about £4.82 per share. The transactions, carried out on the London Stock Exchange and reported under UK Market Abuse Regulation, modestly increase management’s direct economic exposure to Tesco’s equity, underscoring ongoing alignment between leadership and shareholders but without signaling any broader strategic shift.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco Confirms Total Voting Rights with Over 6.38 Billion Shares in Issue
Neutral
Feb 2, 2026

Tesco plc has confirmed that as of 31 January 2026 its issued share capital comprises 6,385,182,796 ordinary shares of 6 1/3 pence each, with each share carrying one vote at general meetings and no shares held in treasury. The company said this total share count should be used by shareholders and other market participants as the denominator for calculating disclosure thresholds and notifications of shareholdings under the FCA’s Disclosure Guidance and Transparency Rules, providing clarity on voting rights and regulatory reporting obligations.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco Executives Acquire Shares Under Company Incentive Plan
Neutral
Jan 20, 2026

Tesco has disclosed that several senior executives, including Group CEO Ken Murphy, Chief Technology Officer Guus Dekkers, Group General Counsel Kay Majid, UK CEO Ashwin Prasad, Central Europe CEO Jonny McQuarrie and Booker CEO Andrew Yaxley, have acquired modest numbers of Tesco ordinary shares through the company’s Share Incentive Plan. The purchases, executed on 16 January 2026 at £4.245 per share via the plan’s Partnership Share Scheme, are routine PDMR (person discharging managerial responsibilities) dealings and are being reported in line with UK Market Abuse Regulation transparency requirements, underscoring ongoing management participation in Tesco’s equity-based remuneration structures.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £430.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock BuybackFinancial Disclosures
Tesco Cuts Share Count Further as £1.45bn Buyback Nears Completion
Positive
Jan 20, 2026

Tesco plc has continued execution of its £1.45 billion share buyback programme, purchasing 429,649 ordinary shares on 19 January 2026 on the London Stock Exchange for cancellation, at an average price of 425.92 pence per share. Following this latest transaction, Tesco’s share count has been reduced to 6,385,182,796 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 351,658,966 shares for £1.45 billion since the programme’s launch, tightening its share base and potentially enhancing earnings per share and capital returns for investors while signalling confidence in its financial position.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £430.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Advances £1.45bn Buyback With Further Share Cancellation
Positive
Jan 19, 2026

Tesco plc has continued executing its £1.45 billion share buyback programme, purchasing 471,892 ordinary shares on 16 January 2026 on the London Stock Exchange at an average price of 423.82p per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count will reduce to 6,385,612,445 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 351.2 million shares worth approximately £1.45 billion since launching the programme in April 2025, a move that signals ongoing capital returns to shareholders and a tighter share base that may enhance earnings per share and support valuation metrics.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £430.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Advances £1.45bn Buyback as Share Count Shrinks Further
Positive
Jan 16, 2026

Tesco plc has continued execution of its £1.45 billion share buyback programme, purchasing 466,271 ordinary shares on 15 January 2026 on the London Stock Exchange at an average price of 428.93p per share, with all repurchased shares to be cancelled. Following this latest transaction, Tesco’s shares in issue stand at 6,386,084,337, and the company has now bought back a total of 350,757,425 shares for approximately £1.446 billion since the programme’s launch in April 2025, a move that tightens the share count and underlines its ongoing commitment to returning capital to shareholders while potentially enhancing earnings per share and supporting its market valuation.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Continues £1.45bn Buyback With Latest Share Repurchase
Positive
Jan 15, 2026

Tesco plc has continued its £1.45 billion share buyback programme, repurchasing 476,674 ordinary shares on 14 January 2026 at an average price of 419.57 pence per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,386,550,608 shares in issue and, since the programme’s launch in April 2025, the company has bought back 350,291,154 shares for a total of £1,444.2 million, signalling an ongoing commitment to returning capital to shareholders and potentially enhancing earnings per share and capital structure efficiency.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial Disclosures
Tesco Continues £1.45bn Buyback with Further Share Purchases and Cancellations
Positive
Jan 14, 2026

Tesco PLC has continued its £1.45 billion share buyback programme by repurchasing 476,159 ordinary shares on 13 January 2026 at an average price of 420.03 pence per share, with the shares set to be cancelled. Following this latest transaction, Tesco’s total shares in issue fall to 6,387,027,282, with no shares held in treasury, and since the programme’s launch in April 2025 the company has bought back 349,814,480 shares for approximately £1.44 billion, effectively returning capital to shareholders and slightly increasing earnings per share while providing an updated share count for investors’ disclosure and transparency calculations.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Tesco Continues £1.45bn Buyback as Share Count Falls to 6.39bn
Positive
Jan 14, 2026

Tesco plc has continued execution of its £1.45 billion share buyback programme, repurchasing 476,159 ordinary shares on 13 January 2026 at an average price of 420.03 pence per share for cancellation. Following this transaction, Tesco’s total shares in issue have been reduced to 6,387,027,282, with no shares held in treasury, and since the launch of the programme in April 2025 the company has bought back 349,814,480 shares worth approximately £1.44 billion, tightening its share base and potentially enhancing earnings per share for existing investors while clarifying the updated denominator for regulatory disclosure thresholds.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Advances £1.45bn Buyback With New Share Purchase and Cancellation
Positive
Jan 13, 2026

Tesco plc has continued its previously announced £1.45 billion share buyback programme by purchasing 479,901 ordinary shares on 12 January 2026 on the London Stock Exchange at an average price of 416.75p per share, with the shares to be cancelled. Following this latest transaction, Tesco’s total shares in issue will fall to 6,387,503,441, and the company has now bought back 349,338,321 shares in aggregate for cancellation since April 2025, representing a substantial capital return to shareholders and a reduction in share count that may enhance earnings per share and consolidate its position in the UK retail market.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £440.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Advances £1.45bn Buyback With New Share Repurchase and Cancellation
Positive
Jan 12, 2026

Tesco PLC has continued execution of its £1.45 billion share buyback programme, repurchasing 480,327 ordinary shares on 9 January 2026 at an average price of 416.38p per share. The shares, acquired via Citigroup Global Markets, will be cancelled, reducing the number of ordinary shares in issue to 6,387,983,342 and leaving the company with no treasury shares. Since launching the programme in April 2025, Tesco has bought back 348,858,420 shares for cancellation at a total cost of £1,438.2 million, a move that tightens its share capital base and may enhance earnings per share and shareholder value while giving investors an updated denominator for regulatory disclosure thresholds.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco CEO and CFO Increase Personal Stakes with Share Purchases
Positive
Jan 9, 2026

Tesco plc has disclosed that its Group Chief Executive, Ken Murphy, and Chief Financial Officer, Imran Nawaz, have each purchased 11,961 ordinary shares in the company at a price of £4.18 per share on 9 January 2026. The insider share purchases, conducted on the London Stock Exchange’s Main Market and announced in line with Market Abuse Regulation requirements, signal increased personal exposure of Tesco’s top leadership to the retailer’s equity, a move investors often interpret as a vote of confidence in the company’s prospects and alignment of management’s interests with those of shareholders.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Advances £1.45bn Buyback With Further Share Purchases
Positive
Jan 9, 2026

Tesco plc has continued executing its £1.45 billion share buyback programme, repurchasing 475,248 ordinary shares on 8 January 2026 on the London Stock Exchange at an average price of 425.18 pence per share, with all shares bought to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,388,463,669 shares in issue, with no shares held in treasury, and the company has now acquired 348,378,093 shares in total for £1,436.2 million since the programme’s launch, signalling an ongoing commitment to returning capital to shareholders and tightening its share base, which may enhance earnings per share and support its valuation.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyFinancial Disclosures
Tesco Lifts Earnings Outlook After Strong Christmas and Market-Share Gains
Positive
Jan 8, 2026

Tesco reported robust trading for the 19 weeks to 3 January 2026, with group like-for-like sales up 2.9% and particularly strong momentum in its core UK and Republic of Ireland businesses, which helped the retailer achieve its highest UK market share in more than a decade. Investments in price, quality and service—especially in fresh food and the premium Finest range—underpinned strong Christmas performance, double-digit online growth and rapid-delivery gains via Whoosh, partially offset by weakness in Booker’s tobacco segment and the impact of a contract exit. The company strengthened its value credentials by expanding its Everyday Low Prices to over 3,000 branded products alongside Aldi Price Match and Clubcard-based promotions, while fresh-food-led growth, product innovation and store expansion also drove share gains in Ireland and Central Europe. On the back of this trading, Tesco now expects adjusted operating profit for 2025/26 to come in at the upper end of its £2.9bn–£3.1bn guidance range, signalling improved earnings prospects and reinforcing its competitive position in a highly contested grocery market.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Tesco Advances £1.45bn Buyback With Further Share Purchases and Cancellations
Positive
Jan 8, 2026

Tesco PLC has continued executing its £1.45 billion share buyback programme, repurchasing 443,118 ordinary shares on 7 January 2026 at an average price of 451.35p per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,388,938,917 ordinary shares in issue, with no shares held in treasury, and the company has now bought back a total of 347,902,845 shares worth £1,434.1 million since the programme’s launch in April 2025, a move that further consolidates its capital base and enhances returns per share for existing investors while updating the denominator used for regulatory disclosure calculations.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £5.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock BuybackRegulatory Filings and Compliance
Tesco Advances £1.45bn Buyback with New Share Repurchase and Cancellation
Positive
Jan 7, 2026

Tesco PLC has continued to execute its £1.45 billion share buyback programme, repurchasing 440,936 ordinary shares on 6 January 2026 at an average price of 453.58p per share, with all purchased shares to be cancelled. Following this latest transaction, Tesco now has 6,389,382,035 ordinary shares in issue and has bought back a total of 347.46 million shares since April 2025, amounting to £1,432.1 million, signalling ongoing capital returns to shareholders and a reduced share count that may enhance earnings per share and influence investors’ disclosure thresholds under UK transparency rules.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Continues £1.45bn Buyback With Further Share Purchases for Cancellation
Positive
Jan 6, 2026

Tesco plc has continued execution of its £1.45 billion share buyback programme, purchasing 454,043 ordinary shares on 5 January 2026 on the London Stock Exchange at an average price of 440.49 pence per share, with the shares to be cancelled. Following this transaction, Tesco’s total shares in issue fall to 6,389,822,971, with no shares held in treasury, and the company has now cumulatively repurchased 347,018,791 shares for £1,430.1 million since April 2025, signalling an ongoing capital return to shareholders and a focused approach to managing its capital structure and earnings per share.

The most recent analyst rating on (GB:TSCO) stock is a Buy with a £500.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Tesco Continues £1.45bn Buyback With Further Share Cancellation
Positive
Jan 5, 2026

Tesco plc has continued executing its £1.45 billion share buyback programme, repurchasing 451,485 ordinary shares on 2 January 2026 at an average price of 442.98p per share, with all shares bought to be cancelled. Following this latest transaction, Tesco’s total shares in issue fall to 6,390,277,014, with no treasury shares held, and the company has now acquired 346,564,748 shares in aggregate since April 2025 for £1,428.1 million, a move that reduces its share count and can enhance earnings per share while providing updated reference figures for investors’ disclosure and transparency calculations.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco Confirms Total Voting Rights and Share Capital at Year-End 2025
Neutral
Jan 2, 2026

Tesco plc has confirmed that its issued share capital as at 31 December 2025 comprised 6,390,728,499 ordinary shares, each carrying one vote at general meetings, and that it holds no shares in treasury. The company highlighted that this total share count should be used by shareholders and other market participants as the denominator when calculating whether they are required to disclose holdings or changes in holdings under the FCA’s Disclosure Guidance and Transparency Rules, reinforcing transparency around its capital structure and voting rights.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial Disclosures
Tesco Cuts Share Count Further as £1.45bn Buyback Nears Completion
Positive
Jan 2, 2026

Tesco plc has continued executing its previously announced £1.45 billion share buyback programme, purchasing 451,154 ordinary shares on 31 December 2025 on the London Stock Exchange at an average price of 443.31 pence per share, with all shares to be cancelled. Following this latest transaction, Tesco’s share count falls to 6,390,728,499 ordinary shares in issue and the company has now bought back a total of 346,113,263 shares worth £1,426.1 million since the programme’s April 2025 launch, a move that tightens its share base and may enhance earnings per share while providing an updated reference figure for investors’ disclosure and transparency calculations.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Tesco Nears Completion of £1.45bn Share Buyback as Share Count Falls
Positive
Dec 31, 2025

Tesco has continued executing its £1.45 billion share buyback programme, repurchasing 478,142 ordinary shares on 30 December 2025 at an average price of 440.99p per share through Citigroup Global Markets, with all purchased shares to be cancelled. Following this latest transaction, Tesco’s share count falls to 6,391,179,653 ordinary shares in issue and the company has now bought back a total of 345,662,109 shares worth £1.4241 billion since the programme’s launch in April, signalling ongoing efforts to return capital to shareholders and potentially enhance earnings per share while providing updated capital structure data for investors and regulatory disclosure purposes.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Extends £1.45bn Buyback With Further Share Repurchase and Cancellation
Positive
Dec 30, 2025

Tesco PLC has continued its £1.45 billion share buyback programme, repurchasing 528,137 ordinary shares on 29 December 2025 at an average price of 438.74p per share, with the shares to be cancelled. Following this latest transaction, Tesco’s shares in issue fall to 6,391,657,795, and the company has now bought back a total of 345,183,967 shares for £1.422 billion since April 2025, signalling an ongoing commitment to returning capital to shareholders and potentially enhancing earnings per share while simplifying the capital structure for investors monitoring disclosure thresholds.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Stock BuybackFinancial DisclosuresRegulatory Filings and Compliance
Tesco Cancels Further Shares as £1.45bn Buyback Nears Completion
Positive
Dec 30, 2025

Tesco has continued executing its £1.45 billion share buyback programme, repurchasing 528,137 ordinary shares on 29 December 2025 at an average price of 438.74 pence, with the shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,391,657,795 shares in issue, with no shares held in treasury, and the company has now bought back a total of 345.2 million shares for around £1.42 billion since April, a move that tightens its share base and may enhance earnings per share while providing updated capital structure data for investors required to monitor disclosure thresholds.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Reduces Share Count Further as £1.45bn Buyback Nears Completion
Positive
Dec 29, 2025

Tesco plc has continued executing its £1.45 billion share buyback programme, purchasing 485,581 ordinary shares on 24 December 2025 at an average price of 439.08 pence per share, with all repurchased shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,392,185,932 shares in issue, and since the programme’s commencement in April 2025 the company has bought back 344,655,830 shares for £1,419.7 million in aggregate, signalling an ongoing commitment to returning capital to shareholders and potentially enhancing earnings per share and equity concentration for remaining investors.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Continues £1.45bn Buyback With New Share Purchase and Cancellation
Positive
Dec 24, 2025

Tesco plc has continued to execute its £1.45 billion share buyback programme, purchasing 468,913 ordinary shares on 23 December 2025 at an average price of 439.59p per share, with the shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,392,671,513 shares in issue, and the company has now bought back a total of 344.17 million shares for £1,417.6 million since the programme’s launch, signalling ongoing efforts to return capital to shareholders and improve capital efficiency, while providing an updated denominator for investors’ disclosure and transparency obligations.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Continues £1.45bn Buyback With Further Share Cancellation
Positive
Dec 23, 2025

Tesco PLC has continued execution of its £1.45 billion share buyback programme, purchasing 755,304 ordinary shares on 22 December 2025 at an average price of 437.38 pence per share for cancellation. Following this latest transaction, Tesco’s total shares in issue fall to 6,393,140,426, with no shares held in treasury, and the company has now repurchased 343,701,336 shares worth £1,415.5 million since the programme’s launch in April 2025, tightening its share base and potentially enhancing earnings per share and capital returns for investors while signalling confidence in its financial position.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Regulatory Filings and Compliance
Tesco Executives Acquire Shares Under Routine Incentive Plan
Neutral
Dec 22, 2025

Tesco has disclosed that several senior executives, including Group Chief Executive Officer Ken Murphy and other key regional and functional leaders, have acquired small numbers of ordinary shares through the company’s Share Incentive Plan’s Partnership Share Scheme. The purchases, executed on 19 December 2025 at £4.401 per share via the London Stock Exchange, form part of routine employee share ownership arrangements and are being reported in line with UK Market Abuse Regulation requirements, underscoring ongoing alignment between management and shareholder interests rather than signalling any strategic shift at the company.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Buys Back Further 725,540 Shares Under £1.45bn Programme
Positive
Dec 22, 2025

Tesco PLC has continued executing its £1.45 billion share buyback programme, purchasing 725,540 ordinary shares on 19 December 2025 on the London Stock Exchange at an average price of 440.99p per share, with all shares bought to be cancelled. Following this latest transaction, Tesco’s share count falls to 6,393,895,730 shares in issue, and the company has now repurchased a total of 342,946,032 shares for £1,412.2 million since the programme’s launch, a move that reduces the share base and may enhance earnings per share while signalling confidence in the company’s financial position to investors.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Business Operations and StrategyStock Buyback
Tesco Nears Completion of £1.45bn Share Buyback With Further Share Purchases
Positive
Dec 19, 2025

Tesco PLC has continued its £1.45 billion share buyback programme, purchasing 822,783 ordinary shares on 18 December 2025 on the London Stock Exchange at an average price of 439.67 pence per share, with all bought-back shares to be cancelled. Following this latest transaction, Tesco’s share count will fall to 6,394,621,270 shares in issue and, since the programme’s launch in April 2025, the company has acquired 342.2 million shares for cancellation at a total cost of £1.409 billion, underscoring an ongoing capital return strategy that reduces share capital and may enhance earnings per share for remaining investors.

The most recent analyst rating on (GB:TSCO) stock is a Hold with a £450.00 price target. To see the full list of analyst forecasts on Tesco plc stock, see the GB:TSCO Stock Forecast page.

Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.

Disclaimer

This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.Date of analysis: Dec 07, 2025