Tesco: share upbeat after interim results

(CercleFinance.com) - Tesco shares are up 2% in London today, after the food retailer published H1 adjusted EPS that is up 24% to 14.
45 pence, with an interim dividend up over 10% to 4.25 pence per share.

Adjusted operating profit rose almost 16% to £1.65bn, on sales (excluding VAT and fuel) that increased 3.5% to almost £31.5bn (+4% at constant exchange rates).

Our strong market share gains in the UK and in terms of return on investment over the past year are testament to our continued momentum, it sqaid.

As a result of this strong performance, Tesco says it now expects to deliver an adjusted operating profit of around £2.9bn for FY 2024-25 (vs. at least £2.8bn previously).


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