Tesco reported better-than-expected earnings per share of 29p and strong free cash flow of around £2 billion, reinforcing its reputation as a reliable and cash-generative supermarket. The company paid £937 million in dividends and completed a £1.45 billion share buyback, with a new £750 million buyback planned by next April. Analysts describe Tesco as a 'consummate cash compounder' benefiting from scale and pricing power, though further stock gains depend on earnings growth rather than valuation expansion. The cautious 2027 profit guidance of £3-3.3 billion reflects geopolitical uncertainties, especially in the Middle East, shifting the investment focus from recovery to steady earnings and cash returns.
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...
