Company Earnings UpdateTesco (LSE: TSCO) 1H20 Results: Dave Lewis To Step Down in 2020 Coresight Research October 3, 2019 Executive Summary In 1H20, Tesco reported a strong, 25% increase in adjusted operating profit, yielding an adjusted operating margin of 4.4%. In 2Q20, the closely watched measure of UK comp growth slid to (1.0)%, versus 0.4% in 1Q20 and below the (0.6)% consensus. CEO Dave Lewis is to leave in summer 2020. He will be succeeded by Ken Murphy, formerly of Walgreens Boots Alliance. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Tariff Anxiety Hits the Supermarket: US Consumers Turn Cautious When Shopping for GroceriesFreeze, Flight or Fight? How Retailers Can Strategically Navigate Tariff TurmoilThree Data Points We’re Watching This Week, Week 27: US Retail Faces HeadwindsUS Store Tracker Extra, February 2025: Bankruptcies Push Total Closed Retail Space Toward 85 Million Square Feet
