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StocksMediumUpdated×3•Originally published 16 April 2026•Updated 17 April 2026•

1 min read

Tesco Profits and Cash Flow Surpass Estimates on Market Share Gains

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Key Facts

1Tesco sales excluding fuel rose 4.3% to £66.6 billion.

about 2 months ago

Version History

Version 3about 2 months ago

What changed: Updated to include Tesco's share price nearing all-time highs and Truist Securities' price target reduction for Reddit.

Version 2about 2 months ago

What changed: Updated the story to include actual EPS and revenue figures, Shore Capital's maintained 'buy' rating, and details regarding the share buyback program and dividend growth.

Version 1about 2 months ago

What changed: Tesco adjusted its financial guidance to reflect geopolitical risks from the Iran conflict, citing concerns over rising costs and weakened consumer demand.

Tesco PLC continues to demonstrate operational resilience as its share price trades at 487p, nearing its all-time high of 510p. Despite a slight miss on estimates with an EPS of $0.53, Shore Capital maintains a 'Buy' rating, viewing the retailer as a premier defensive asset. In contrast, Truist Securities lowered its price target for Reddit (RDDT) to $260 from $275 while keeping a 'Buy' rating, noting that the stock has declined 40% year-to-date. Tesco remains focused on shareholder returns, supported by a £1.45 billion buyback program and robust free cash flow of £2 billion. These updates highlight a divergence between the defensive strength of retail giants and the current valuation pressures facing tech platforms. Analysts remain focused on how these firms balance cost pressures against long-term growth strategies in a volatile market.