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  • Previous Rank62
  • Revenues ($M)$87,633
  • Revenue Percent Change-13.7%
  • Profits ($M)$209
  • Profits Percent Change-
  • Assets ($M)$61,176
  • Employees357,835

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.

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Company Information

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
Figures prepared in accordance with International Accounting Standards. Figures are for fiscal year ended Feb. 29, 2016.

Tesco Rank History

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%