Tesco raises profit outlook floor and Tesco stock gains 4.80 percent
Published on 10/08/2026 at 11:53 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS
According to Tesco on October 8, 2026, the retailer raised the lower end of its fiscal 2026/27 adjusted operating profit outlook from GBP 3.00 billion to GBP 3.15 billion. Tesco stock was trading at EUR 5.90 at Lang & Schwarz on October 8, 2026 at 11:42 a.m. CEST, plus 4.80 percent versus the EUR 5.63 prior close.
Profit grows faster than sales
Tesco reported adjusted operating profit of GBP 1.783 billion for the 26 weeks ended August 29, 2026, up 6.50 percent from GBP 1.674 billion. Sales excluding VAT and fuel increased 2.00 percent to GBP 33.776 billion, so profit growth outpaced sales growth.
The cash figure was stronger still. Free cash flow rose 21.00 percent to GBP 1.570 billion from GBP 1.298 billion, although Tesco said the first-half figure included a GBP 250 million payroll-timing benefit that reverses in the second half, according to Tesco.
Buyback adds to the upgrade
The company also increased its current-year share buyback to GBP 950 million from GBP 750 million and lifted capital expenditure guidance to GBP 1.70 billion from GBP 1.60 billion. The interim dividend rose 5.20 percent to 5.05 pence per share from 4.80 pence.
That capital allocation supports the earnings message, but the operating picture is uneven. Reuters reported on October 8, 2026 that UK like-for-like sales rose 1.50 percent in the half, while Tesco faced softer sales volumes during a very hot summer. The Booker wholesale division also posted a 2.60 percent like-for-like decline, according to interactive investor.
Stock remains below yearly high
On the London Stock Exchange, TSCO was last at GBp 497.20 at 10:48 a.m. CEST on October 8, 2026. The GBp 411.70 to GBp 520.60 52-week range places that quote 4.49 percent below the high, while the separate euro quote at Lang & Schwarz was EUR 5.90.
Euro quote rises in trading
Tesco stock was trading at EUR 5.90 at Lang & Schwarz on October 8, 2026 at 11:42 a.m. CEST, plus 4.80 percent versus the EUR 5.63 prior close dated October 7, 2026. The contrast between faster profit growth and weaker Booker sales leaves cash generation and the raised guidance floor as the central market figures.
The further course of trading is shown by the continuously updated real-time quote of Tesco stock.
Tesco stock facts
- Company: Tesco plc
- ISIN: GB00BLGZ9862
- Ticker: TSCO
- Primary exchange: London Stock Exchange
- Price Lang & Schwarz (as of October 8, 2026, 11:42 a.m. CEST): EUR 5.90
- Change versus prior close: plus 4.80 percent
- Prior close Lang & Schwarz (October 7, 2026): EUR 5.63
- 52-week range: GBp 411.70-GBp 520.60 on the London Stock Exchange as of October 8, 2026
