Tesco PLC (OTCPK:TSCDF)

$ 4.625 0.015 (0.33%) Market Cap: 30.97 Bil Enterprise Value: 42.59 Bil PE Ratio: 19.05 PB Ratio: 2.25 GF Score: 77/100

Q1 2023 Tesco PLC Trading Statement Call Transcript

Jun 17, 2022 / 08:00AM GMT

Release Date Price: $2.99 (-2.76%)

Transcript

Ken Murphy

Tesco PLC - Group CEO & Executive Director

Good morning, everyone. Thank you for joining us today. I'm here in Welwyn with Imran, and in a moment, we'll be delighted to take your questions. Hopefully, you've all had a chance to read the trading update that we published earlier this morning, so I won't go back over the details.

We've made good progress in a challenging market, and I want to start by thanking all our colleagues across the group for everything they've done supporting customers and communities day in, day out. Importantly, customers are rewarding us with their loyalty, and we've been able to grow share in every one of our markets.

In our core U.K. market, the material and ongoing investment that we have made in the powerful combination of Aldi Price Match, Low Everyday Prices and Clubcard Prices is working. By offering the best possible prices on over 2,000 essential products, along with truly exceptional deals for our Clubcard members, we are helping to ensure that price does not become a reason to shop anywhere else.

We know that staying

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