Fotolia
In 2013 Tesco’s profitability fell for the first time in two decades. Ignoring one-off costs, underlying profits fell 14.5%, leading to a 5% drop in the share price:
■ Competition was intense, with Waitrose at the top end and Aldi at the bottom making serious inroads into Tesco’s profits. Clarke accepts that operating profit margins will now stay at 5.2%, down from their previous 6%.
Your organisation does not have access to this article.
Sign up today to give your students the edge they need to achieve their best grades with subject expertise
Subscribe
