)
Tesco (TSCO) investor relations material
Tesco Q3 2026 TU earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
Group like-for-like sales grew 2.9% over 19 weeks, with strong Christmas trading, UK market share at a decade high, and robust fresh food and online growth.
Over £6 billion in sales in the four weeks to Christmas Eve; UK like-for-like sales up 6.6%; 340 new/improved own-brand Christmas products launched.
Online channel grew 11% over 19 weeks, with Whoosh sales up 47% and significant customer acquisition during the festive period.
ROI delivered a fourth consecutive year of market share gains, with food sales up 5.2% and five new stores opened.
Customer satisfaction and UK market share reached decade highs after 32 consecutive periods of gains.
Financial highlights
Group-adjusted operating profit expected at the upper end of £2.9bn–£3.1bn guidance.
Group sales (excluding VAT and fuel) reached £24,969m, up 3.6% at constant rates and 4.3% at actual rates year-over-year.
UK sales were £18,716m, up 4.4%; ROI sales £1,265m, up 6.7%; Central Europe sales £1,757m, up 2.3%; Booker sales £3,231m, down 1.3%.
Free cash flow expected within £1.4bn–£1.8bn medium-term guidance.
Promo percentage increased slightly year-over-year, from 33% to 34% over the 19-week period.
Outlook and guidance
Confidence in delivering at the upper end of profit guidance due to strong Christmas performance.
All guidance provided on a 52-week basis for comparability, despite FY 25/26 being a 53-week year.
Ongoing investment in value, technology, and store estate to support future growth.
Inflation over Christmas was 4%, with conscious investment in value to drive market share gains.
Market expected to remain competitive, with continued focus on adapting to consumer needs and trends.
Next Tesco earnings date
Next Tesco earnings date
The essential earnings season companion
The #1 app for qualitative research. Live earnings calls, AI chat, transcripts, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
I can't remember the last time an app had such a positive impact on my investment process.
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage
)
)