Britain's Tesco sees full-year profit at lower end of guidance
- United Kingdom
Tesco, Britain's biggest retailer, on Wednesday forecast full-year core profit to be around the lower end of its previous guidance, saying there were significant uncertainties in the external environment.
The group, which has a 27% share of Britain's grocery market, said it now expected full 2022-23 year retail adjusted operating profit of between 2.4 billion pounds and 2.5 billion pounds ($2.7-$2.9 billion). It was previously forecasting 2.4-2.6 billion pounds, down from the 2.65 billion pounds made in 2021-22. ($1 = 0.8744 pounds)
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