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Tesco group revenue in the United Kingdom (UK) 2015-2019

In its 2018/2019 financial year, Tesco’s annual revenue amounted to almost 52 billion British pounds in the United Kingdom and the Republic of Ireland. This was an increase of approximately seven billion pounds compared to the prior financial year. It was the first increase of this size for almost a decade. The company’s profit in the UK and the ROI rose by over 300 million pounds and came to 1.54 billion in 2018/2019.

Tesco in profile

Tesco PLC was the leading grocer on the UK market in 2019 and has been since the start of the millennium. The company, which originated in Hertfordshire employed 460 thousand people worldwide in 2019. Founded in 1919 by Jack Cohen, the company generates most of its revenue on the UK market. About a sixth of the company’s revenue stems from international markets, notably other European and Asian countries. Tesco operated the second most stores in Thailand with almost two thousand in 2018/2019. Only the UK had a higher store presence.

Developments on the UK grocery market

Between January 2015 and September 2019, the company has lost about 2.1 percent of its market share and now stands at 26.9 percent. The other companies from the so called ‘big four’, Asda, Sainsbury’s and Morrisons have seen a similar decline of their market shares. Winners on the market were the German discounters Lidl and Aldi as well as the Cooperative.

Annual revenue of Tesco Group in the United Kingdom (UK) and the Republic of Ireland from financial year 2015 to 2019

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Source

Release date

April 2019

Region

United Kingdom

Survey time period

2015 to 2019

Supplementary notes

* 53 week financial year.

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Statistics on "Tesco Group in the United Kingdom (UK)"

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