Tesco raises profit outlook after growth in H1 FY25/26

Tesco has raised its profit guidance following an uptick in sales across all markets in the first half (H1) of fiscal 2025/2026 (FY25/26) Group adjusted operating profit at the UK supermarket chain was £1.67bn ($2.24bn) in H1 25/26, up 1.6% at constant rates from £1.65bn in the previous year. Adjusted diluted earnings per share were 15.43 pence for the 26 weeks ended 23 August 2025, compared with 14.45 pence a year before. Sales, excluding VAT and fuel, increased 5.1% at constant rates to £33.05bn, whil ...