Tesco PLCs preliminary results for 2025/26 show strong performance with sales growth across all markets, increased market share, and progress in strategic initiatives. Key highlights include
**Sales Growth**Group sales (excluding VAT and fuel) increased by 4.6% to £66,588 million, driven by growth in the UK (+4.2%), ROI (+4.6%), Booker (+0.2%), and Central Europe (+2.2%).
**Profitability**Adjusted operating profit rose by 0.8% to £3,152 million, with improvements in UK & ROI (+0.7%) and Booker (+0.7%), partially offset by a decline in Central Europe (-0.9%).
**Market Share Gains**UK market share reached 28.5%, the highest in over a decade, and ROI market share grew to 24.2%.
**Customer Focus**Investments in value, quality, and service led to record-high customer satisfaction and the launch of initiatives like tripling Everyday Low Prices and expanding Clubcard benefits.
**Strategic Progress**Advanced strategic goals, including winning in food, meeting more customer needs, and enhancing digital capabilities, with notable growth in online sales (+11%) and Tesco Whoosh (+51%).
**Financial Strength**Free cash flow increased by 11.8% to £1,957 million, and the dividend per share rose by 5.8% to 14.5p.
**Sustainability**Achieved a 68% reduction in Scope 1 and 2 emissions, ahead of the 2025 target.
**Future Outlook**Upgraded medium-term free cash flow guidance to £1.5–£2.0 billion and announced a £750 million share buyback program.
Tesco remains focused on long-term sustainable growth, customer-centric strategies, and operational efficiency.