Among those currently scheduled to release results next week:
05-Oct |
|---|
No FTSE 350 reporters |
06-Oct |
|---|
No FTSE 350 reporters |
07-Oct |
|---|
No FTSE 350 reporters |
08-Oct | |
|---|---|
Foresight Group | Half Year Trading Statement |
Hollywood Bowl Group | Full Year Trading Statement |
Tesco* | Half Year Results |
TSMC | Monthly Sales Release |
Unite Group | Q3 Trading Statement |
Volution Group | Full Year Results |
09-Oct |
|---|
No FTSE 350 reporters |
Tesco will be looking for sales momentum to pick up
Tesco heads into next week’s half-year results on the back of a soft first quarter. Like-for-like sales growth of 1.0% came in a touch below market forecasts, largely due to a tough comparable period and unfavourable weather. But with these challenges easing over the period, sales growth should have picked up, with markets forecasting first-half revenue to rise 3.1% to £37.2bn.
We expect recent market share gains to have continued over the first half, with initiatives such as ALDI Price Match and the expanded Finest range allowing Tesco to compete across a broad range of price points. The group’s enormous scale is a key tool for negotiating hard with suppliers, helping Tesco remain competitive on price while also protecting margins. As a result, we’re not expecting any change to its full-year adjusted operating profit guidance of £3.0-3.3bn next week.
This article is original Hargreaves Lansdown content, published by Hargreaves Lansdown. It was correct as at the date of publication, and our views may have changed since then. Unless otherwise stated estimates, including prospective yields, are a consensus of analyst forecasts provided by LSEG. These estimates are not a reliable indicator of future performance. Past performance is not a guide to the future. Investments rise and fall in value so investors could make a loss. Yields are variable and not guaranteed.
This article is not advice or a recommendation to buy, sell or hold any investment. No view is given on the present or future value or price of any investment, and investors should form their own view on any proposed investment.