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  • Previous Rank
    62
  • Revenues ($M)
    $87,633
  • Revenue Percent Change
    -13.7%
  • Profits ($M)
    $209
  • Profits Percent Change
    -
  • Assets ($M)
    $61,176
  • Employees
    357,835

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.

Company Information

Figures prepared in accordance with International Accounting Standards. Figures are for fiscal year ended Feb. 29, 2016.
CEO
David J. Lewis
Sector
Food & Drug Stores
Industry
Food and Drug Stores
HQ Location
Welwyn Garden City, Britain
Employees357,835
Websitehttp://www.tescoplc.com
Years on Global 500 List22

Tesco Rank History

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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%