Published 3 years ago

Tesco counts cost of pandemic as profits slide 20% despite 'exceptional' sales

Summary by Sky News UK

Tesco counted the cost of the COVID-19 pandemic as full-year profits fell by 19.7% despite "exceptionally strong" sales growth.

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Times of India

UK supermarket giant Tesco hired 20,000 permanent workers during pandemic

Tesco said it hired almost 50,000 temporary workers during the pandemic, about 20,000 of whom have joined the retailer permanently. The company also h..

3 years ago·India

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BBC News

Tesco counts cost of Covid trading as profits drop

The UK's largest supermarket saw full-year sales soar but the pandemic hit its bottom line.

3 years ago·United Kingdom

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The Guardian

Tesco profits fall as Covid costs offset sales surge

Supermarket hired 50,000 temporary workers, with about 20,000 joining permanently

3 years ago·London, United Kingdom

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The Independent

Tesco profits plunge 20% as Covid costs cancel out pandemic sales boost

Revenues hit £53.4bn but supermarket chain weighed down by £895m of coronavirus-related expenditure

3 years ago·London, United Kingdom

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Reuters

Tesco reports 2 billion pounds profit after 'exceptionally strong' sales

Tesco, Britain's biggest retailer, on Wednesday beat its guidance by reporting total adjusted retail operating profit of 1.99 billion pounds ($2.74 billion) after seeing "exceptionally strong" sales during the COVID-19 pandemic.

3 years ago·United Kingdom

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Daily Mirror

Tesco profits tumble to £825million for the year despite pandemic surge

The country's biggest grocer said sales have fallen 20% in the past 12 months despite a sharp rise in online transactions and stores allowed to remain open throughout the pandemic

3 years ago·London, United Kingdom

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