Tesco PLC Faces Competitive Market Despite Meeting…
From Financial Modeling Prep: 2025-04-10 15:00:00
Tesco PLC, listed as PNK:TSCDY, reported an EPS of $0.44 and revenue of $43.1 billion, meeting estimates. Shares dropped by 6.6% post-earnings, reflecting market worries about competition. Tesco announced a £1.45 billion share buyback and warned of a potential profit decline of up to 14% due to intense competition from rivals like J Sainsbury PLC and Marks and Spencer Group PLC.
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