(Tesco Plc.) Tesco’s diluted EPS rose by 163.5% to 10.7 pounds in the first half-year of 2021/2022, from 4.06 pounds reported in the same period last year.
The company announced an increase in net profit to £781 million in the half-year from £465 million reported in the same period of last year.
Tesco increased its sales by 3% to £30.4 billion in the first half of the year, from £28.7 billion reported in the same period of the 20/21 financial year.
Tesco’s interim dividend per share remained at 3.2 pounds, the same as for the corresponding period of last year.
The retailer said that it would start a share repurchase program with its leverage currently at 2.7 times. The repurchase of the first £500 million share tranche will begin before October 2022.
Tesco has revised its adjusted retail operating profit guidance to between £2.5 billion and £2.6 billion for 2021/2022 full year.
TSCO: LON is up +4.39%
