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

Q3 2024 Tesco PLC Trading Statement Call Transcript

Jan 11, 2024 / 09:00AM GMT

Release Date Price: $3.74 (-0.93%)

Transcript

Ken Murphy

Tesco PLC - Group CEO & Executive Director

Good morning, everyone, and a Happy New Year to you all. Imran is here with me in Welwyn as usual. First of all, I'll give a little color on our performance, and then we'll hand over to questions and answers.

I'm hoping you've had a chance to read the release, and so you'll have seen that customers responded really positively to our Christmas offer. In fact, the work we have done to invest in value, create high-quality products, deliver market-leading availability and customer service has resulted in our best-ever Christmas offer. We're delighted that so many customers voted with their feet and chose Tesco this Christmas, leading to a really strong performance.

We've been relentless on value because we know just how important it is for everyone. And for over 14 months now, we've been the cheapest full-line grocer in the U.K. due to our investment in value. This Christmas, we were proud to offer a full festive dinner for just over GBP 2 per head, including a fresh turkey. Those key festive lines are really important for customers

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