Tesco Widens Profit Guidance as Middle East Conflict Adds Uncertainty

Tesco Says Middle East Conflict Causing Uncertainty for Outlook

Tesco Plc said the war in the Middle East is creating uncertainty for shoppers that risks weighing on Britain’s biggest supermarket as the ripple effects of the conflict play out.

UK supermarket Tesco says Mideast war hits profit outlook

Britain's biggest supermarket chain Tesco warned Thursday that its profits could be impacted by the Mideast war lifting food costs, as it posted higher earnings for its last financial year.

Tesco boss says supermarket 'doing whatever we can' to keep costs down for shoppers

Tesco told shareholders it was “providing a wider range of guidance than we were previously planning” due to uncertainty caused by the Iran war.

Tesco says Iran conflict increasing uncertainty over profit outlook

The UK’s largest supermarket group reported a stronger-than-expected adjusted operating profits of £3.15 billion for the year to February.

Uncertainty on Iran war weighs on Tesco's profit outlook

Supermarket group Tesco said today that uncertainty caused by the conflict in the Middle East meant it was providing a wider range of profit guidance than it was previously planning.

Tesco warns of 'uncertainty' caused by Middle East war

Ken Murphy, who runs Britain's biggest supermarket, said the group had poached customers from rivals over the past last year 'despite cost pressures from new regulation.'