Deutsche Bank expects Tesco to report a 3% rise in first-half adjusted operating profit to £1.725 billion despite softer UK like-for-like sales growth. The bank lowered its Q2 sales growth forecast to 1.7% from 2.2% but retained a buy rating and a 525p price target. Tesco's scale, competitive pricing, and private-label products are seen as strengths amid rising inflation and supply chain pressures. The retailer's full-year profit guidance may be narrowed when results are announced on 8 October, but Tesco remains well-positioned to manage cost pressures and improve margins.
Tesco shares are the subject of this update. For readers following Consumer Staples, here is Pluang's market snapshot as of Sep 25, 2026 17:51 WIB: Among 51 priced US Consumer Staples stocks, 30 rose and 16 fell. Notable movers include Herbalife Nutrition Ltd (HLF) at USD 11.93 with a -2.29% change, National Beverage Corp. (FIZZ) at USD 30.51 with +2.14%, and J M Smucker Co (SJM) at USD 119.88 with -1.46%.
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