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

Half Year 2024 Tesco PLC Earnings Call Transcript

Oct 04, 2023 / 08:00AM GMT

Release Date Price: $9.85 (+5.46%)

Transcript

Ken Murphy

Tesco PLC - Group CEO & Executive Director

Good morning, everyone, and welcome. Imran and I are delighted to present our interim results to you this morning. I'd like to start really by referring to the video that we showed you just a bit earlier. I think it's a great opportunity for you to hear directly from our colleagues on the shop floor and of course, from our customers how they're feeling about the brand and the environment that we're living in at the moment.

If I move on now to our results, we've made a really good start to the year. Most importantly, we are winning with customers. Our continued investments in value and quality are being recognized with increased satisfaction scores and growing market share. We know how challenging it is for many households across the country as they continue to grapple with the ongoing cost of living pressures. We have worked hard to make sure our offer is as competitive as possible in the first half and remain committed to doing everything we can to drive down food bills in the months ahead.

Over the last 3 years, we have

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