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StocksMediumUpdated•Originally published 8 October 2026•Updated 8 October 2026•
1 min read

Tesco Lifts Annual Profit Guidance as Pretax Profit Rises 11.5%

Key Facts

1Tesco's pretax profit rose 11.5% as sales momentum continued.
2The company lifted the lower end of its annual profit outlook based on strong performance.

Tesco's pretax profit rose 11.5% as sales momentum continued. The Wall Street Journal reported that the company lifted the lower end of its annual profit outlook based on this strong performance, citing robust consumer demand and operational momentum that exceeded previous internal expectations.

TSCDY closed at $18.88 on October 7, 2026, with the stock reaching a day high of $18.91 and a low of $18.72. The upward revision reflects continued growth within the retail sector and sustained consumer health.

Latest Updates · 1

  1. Notable·

    Update: Tesco raised its full-year 2026/27 adjusted operating profit guidance to a range of £3.15 billion to £3.30 billion. The company also announced an increase in its share buyback program, further bolstering shareholder returns alongside the guidance upgrade.