Tesco cautious on profit outlook after strong FY2025/26
Tesco sales ex. VAT and fuel rose 4.6% to GBP66.59 billion in FY2025/26, while operating profit increased 0.8% to GBP3.15 billion and free cash flow grew 11.8% to GBP1.96 billion. CEO Ken Murphy said the retailer had invested further in price, quality and service amid Middle East-related uncertainty. Tesco said UK & ROI profit rose 0.7% to GBP2.75 billion, online sales climbed 11% to over GBP7 billion and Whoosh sales jumped 51% to more than GBP400 million. (Tesco)
