To be the most
highly valued

Winning locally, applying
our skills globally

A modern and innovative
company

A growth company

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Chief Executive's review

"The business is ready for growth. Through our new vision and strategy, we will build on our success."

Read the CEO's review

Financial highlights

  • Group sales (including VAT)+8.1%
  • Underlying profit before tax+12.3%
  • Group profit before tax+11.3%
  • Underlying diluted earnings per share+10.8%*
  • Dividend per share+10.8%

* Underlying diluted earnings per share growth calculated on constant tax rate basis; 12.8% at actual tax rates.

Business review

Growing the UK core

In our market-leading UK business, we have delivered a solid performance by keeping our focus on the customer, providing them with great value, choice and service. Read more

Outstanding international retailer

Overall, our businesses across Asia, Europe and the United States have had a strong year, with improvements in sales, profits and returns in most markets. Read more

Strong in everything we sell

We've continued to grow sales and expand our offer in general merchandise, clothing and electricals and we have a great opportunity to do much more. Read more

Growing retail services

This year we've made progress in our retail services businesses: tesco.com, Tesco Bank, Telecoms and dunnhumby – our consumer research business. We've been investing for the customer and laying the foundations for future growth. Read more

Communities

We work hard to be a good neighbour in the communities around our stores and provide a leadership role on the environment. Building a long-term sustainable business is crucial to our future success. Read more

Building brands

Tesco has been an industry leader in branding for many years using our broad appeal, wide product assortment and global supply chains to develop businesses that deliver reliable, innovative and great value brands for customers. Read more

Building our team

We are sharing operational excellence and leadership excellence across the Group so that we can successfully develop capability and nurture talent across our growing business. Read more

Property

Tesco's property activities have one principal objective: to ensure our customers can benefit from the best located and designed stores. As a result of this property development and management, we also create sustainable, long-term, embedded value for shareholders. Read more

Interactive charting tool

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Key performance indicators (KPIs)

Our key performance indicators are the way we measure our progress over the year.

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