Tesco PLC (OTCPK:TSCDY)

$ 13.75 -0.125 (-0.9%) Market Cap: 31.22 Bil Enterprise Value: 43.28 Bil PE Ratio: 19.14 PB Ratio: 2.10 GF Score: 79/100

Q1 2022 Tesco PLC Trading Statement Call Transcript

Jun 18, 2021 / 08:00AM GMT

Release Date Price: $9.21 (-4.38%)

Transcript

Operator

Good morning, and welcome to the Tesco first quarter trading statement call. (Operator Instructions) Just to remind you, the conference call is being recorded. I'll now hand over to Mr. Ken Murphy, CEO. Please go ahead.

Ken Murphy

Tesco PLC - Group CEO & Executive Director

Many thanks, Richard. Good morning, everyone, and thank you for joining us today. I'm delighted to also welcome to the call Imran Nawaz, who joined us as CFO last month. I'll let him say a few words to introduce himself in a moment.

Hopefully, you've all had a chance to read the statement, so I won't go back over the numbers here. Instead, let me take a few moments to give you my reflections on the quarter. Overall, I'm pleased with our performance in the quarter. We have maintained top line momentum even as we lapped the stockpiling peak of last year. Online continues to perform well, with order numbers remaining high, similar to levels we were seeing in the second half of last year at around GBP 1.3 million a week. Basket sizes remain strong. Customer satisfaction has gone

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