UBS expects Tesco to reassure investors on profit growth despite a trimmed UK sales forecast for Q1, lowered from 3% to 2% due to weaker industry data and weather. The lack of a price war among UK grocers, with rivals focusing on profitability, supports Tesco's profit outlook. UBS highlights Tesco's strategic shift linking executive incentives to market share, signaling long-term growth ambitions. The broker maintains a 'buy' rating and 545p target, citing reliable free cash flow growth and potential gains from AI and retail innovations as positive drivers.
UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in e...
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has partnered with Instacart to offer same-day delivery from over 2,400 stores nationwide. Customers can now order a wide range of products including pet supplies, livestock fe...
