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Tesco Lifts Views After Cost Cutting, Easing Inflation Boosts Performance -- Update

Por: MarketWatch Business October 04, 2023

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The U.K. grocer expects retail adjusted operating profit--the company's preferred metric, which strips one-off items--for fiscal 2024 between 2.6 billion pounds and 2.7 billion pounds ($3.14 billion-$3.26 billion), up from previous guidance of GBP2.49 billion. The free cash flow target was raised to between GBP1.8 billion and GBP2.0 billion for the year, compared with a previous range of GBP1.4 billion-GBP1.8 billion. Tesco's upgraded... + full article



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