Tesco PLC (OTCPK:TSCDF)

$ 4.51 -0.1 (-2.17%) Market Cap: 30.97 Bil Enterprise Value: 42.59 Bil PE Ratio: 19.05 PB Ratio: 2.25 GF Score: 77/100

Q1 2020 Tesco PLC Trading Statement Call Transcript

Jun 13, 2019 / 07:00AM GMT

Release Date Price: $3.67

Transcript

Operator

Hello, and welcome to the Tesco 1Q Results/Analyst Call. (Operator Instructions) And just as a reminder, this conference call is being recorded. Today, I am pleased to present Dave Lewis, Group CEO; and Alan Stewart, Group CFO. Please begin your meeting.

Dave Lewis

Tesco PLC - Group Chief Executive & Executive Director

Thank you, Mirella. Good morning, everybody, and thank you for joining us. And as you've heard, as usual, I'm joined by our CFO, Alan Stewart.

Hope that you've had a chance by now to review our press release. We try to keep it really simple and focused on the key drivers of our sales performance, given that it's a course of the trading update.

With that in mind, I'm pleased to report that Q1 has been a good start for the year in a subdued market. I say subdued for several reasons. You'll be familiar already with some of the challenges in terms of the consumer sentiment but also because of the weather and other events like last year's Royal wedding.

Now as the -- Tesco's CEO the last 5 years, I've tried very hard

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