Getty Images
Profits at Tesco have jumped 28% in what the UK's biggest supermarket chain described as an"uncertain" market. Chief executive Dave Lewis said the group was on track to meet the"vast majority" of the turnaround goals he set when he was appointed four years ago after an accounting scandal.Full-year pre-tax profits were £1.7bn, with UK same store sales up 1.7%.
"After four years we have met, or are about to meet, the vast majority of our turnaround goals. I'm very confident that we will complete the journey in 2019/2020," said Mr Lewis, who oversaw the takeover of wholesaler Booker in 2017.Jobs have been lost as he aims to save £1.5bn a year and up to 9,000 roles were put at risk in January when the chain announced it would close food counters in 90 stores.
And there making staff redundant
At the expense of staff who are having hours cut among other things.
Meanwhile....
Yeh canned stuff is doing very well....
Stockpiling.
Brexit?
I blame Brexit 🤪😂
Drastic Dave has turned it around by making thousands of people redundant.
That'll be the panic buying then!
Tesco’s books
asda for me
Someone better check their accounting treatments.
Tesco still in business, that's Amazing I taught they went out of business a long long time ago, I remember Tesco, in Ontario Canada..💃🏳️🌈🍨👍
Costs about 28 per cent more to do the food shop there so it makes sense. It doesn't have a premium branding so theyre getting away with it for now.
Are the figures right ?
Bloody Brexit ....it is killing this country....we must put a stop to this madness !