Tesco PLC (OTCPK:TSCDY)

$ 11.76 0.04 (0.34%) Market Cap: 27.32 Bil Enterprise Value: 40.04 Bil PE Ratio: 18.89 PB Ratio: 1.86 GF Score: 80/100

Christmas & Q3 2020 Tesco PLC Trading Statement Call Transcript

Jan 09, 2020 / 08:00AM GMT

Release Date Price: $12.55 (+0.25%)

Transcript

Operator

Welcome to the Tesco Q3 and Christmas Results Analyst Call. (Operator Instructions) Just to remind you, this conference is being recorded.

I'll now hand the floor to our host, Dave Lewis, CEO. Please begin.

Dave Lewis

Tesco PLC - Group Chief Executive & Executive Director

Mark, thank you very much. Good morning, everybody, and a very happy New Year to you all. Joining me on this call this morning, as usual, is Alan Stewart. And because, after 6 Christmases, I know that virtually all the questions will be about U.K. Christmas trading, I've asked Jason Tarry to join us on the call as well. And I also know it's a busy morning today, so I'll quickly share a few reflections on our performance and then open it up to your questions.

The U.K. retail environment is clearly subdued at the moment, and growth isn't easy to win. So against that backdrop, I'm particularly pleased that we've outperformed the market and delivered our fifth consecutive Christmas good growth. I think that's particularly noteworthy given our very strong performance last

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