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Global 500

Chris Ratcliffe — Bloomberg via Getty Images

72

Tesco

TSCDY

Britain

The world’s second largest retailer after Walmart has seen its profit fall four years running because of rising operating costs at a time it is having to fend off rivals like discount grocers and specialty stores like Whiterose eating away at its dominance. That has sent it tumbling 10 spots to #72 on the Global 500. British grocer Tesco is also duking it out with Walmart’s U.K. Asda chain and its well developed delivery service. Tesco shares have taken a beating on fears the $70 billion a year chain is falling irretrievably behind: one analyst even suggested recently Tesco needs to close as much as 30% of its space to make a go of it.

CEO

David J. Lewis

Sector

Food & Drug Stores

Industry

Food and Drug Stores

HQ Location

Welwyn Garden City, Britain

Employees

357,835

Years on Global 500 List

22

Includes revenues from discontinued operations.Figures prepared in accordance with International Accounting Standards. Figures are for fiscal year ended Feb. 29, 2016.
Key Financials (last fiscal year)
($ Millions)% change
Revenues ($M)$87,633-13.7%
Profits ($M)$209
Assets ($M)$61,176
Total Stockholder Equity ($M)$12,020
Profit Ratios
Profit as % of Revenues0.2%
Profits as % of Assets0.3%
Profits as % of Stockholder Equity1.7%
STOCK QUOTE
()0.00 0.00 (0)
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News about Tesco

Why 2 of the World's Biggest Supermarkets Are Joining Together to Buy Groceries

Through a global alliance that will apply to the joint purchasing of own-brand products, services, and other goods.

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A British Retailer Is Facing a $5.6 Billion Equal Pay Claim—U.K.'s Largest Ever

More than 1,000 Tesco staff members have reportedly contacted law firm Leigh Day.

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Tesco Agrees to Pay $162 Million Fine Over Accounting Scandal

The retailer will also take a one-off charge of $295 million and pay compensation to some investors.

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