Tesco - £1.3 Billion profit !

But Tesco have to pay their shareholders,Aldi and Lidl are privately owned.

Spreading the wealth.....neat !

Still not back to where they were.

I've seen improvement in their fruit and veg can't really say for the rest

Yes a real kick in the Tesco tills.

You believe their accounts???

If you are making that much money the product is overpriced
for everyboby else.

They've cut over 150,000 jobs in the last 7 years.

Last year they cut 1,000 jobs at its call centre and followed that with cutting another 1,200 in its head office.

The newly appointed CEO cut 5,000 jobs in 2014, another 2,500 a year later and it goes on.



But anyway I'm being churlish. Hurrah for Tesco! Well done. Clearly £1.3 billion profit isn't enough though. And they should be looking at what other human costs they can eradicate and aim for even higher next year.

The way of the world cut,cut,cut,cut pay peanuts
get all the youngters growing up to DIY via internet
ticket/self serve machines.Teach them at school via
computer so they have no ability to think for themselves
whats not to like with 25 million unemployed/unemployable

They squeeze out all opposition, have the only free car parking, profiteer, use every available tax loophole (if they pay any tax, that is), take advantage of their power over suppliers and day by day make business in the UK less competitive.

There is not a single good thing about Tesco.
If they went bust tomorrow, so many business and markets would open and jobs would be more varied and available, as would choice.

I wish for nothing good for Tesco, or any other large unnecessary supermarket.

As for their shareholders, sod 'em. There are plenty of more worthy organisations to hold shares in.

Study, whilst we live in a capitalist society, I don't blame Tesco. It's the job of the directors to pay increasing dividends to shareholders.

Ok, they might be 'nastier' than other PLCs but they won't change until or unless customers shop elsewhere or there are laws put in place to curb some of their practices.

Also, what do you mean about the free parking?

I'm surprised the declared profit is so small but, as someone else said, "You believe in their accounts"???

I haven't seen their accounts but in addition to a P&L and Balance Sheet which can be manipulated (completely legally), they have to produce a Cash Flow statement which doesn't lie and payment of dividends is dependent on the availability of cash.

i_a_w_n
In most towns, the one I live in is one, councils charge by the hour for car parking. In fact, they now charge on a Sunday!
All about the council needing more income apparently. There is also permit holder parking in many places.
Try parking ANYWHERE at all in London for example. It's more or less impossible now. Especially without paying.

However, most towns also have a big superstore - most commonly Tesco. The councils often allow them in because of a promise of traffic lights or a roundabout which will be paid for (a sort of bribe). Even though the traffic lights or roundabouts wouldn't be needed were it not for the superstore.
Also the promise of employment, although the loss of employment from all the businesses that have closed down because of Tesco is never counted.

The big stores always have big FREE car parks, so they get all the shoppers and the smaller local businesses don't.
People always look for free parking.
Once at a Tesco (or the like) the walk to most high streets is too far.

As it happens;
The walk around an average large supermarket is probably the equivalent of 10 long high streets, but people don't realise it.
The quality of the food in supermarkets is not as important as the look, long date, and perceived/created popularity of it, also.

I seem to remember reading a few years ago that Tesco ran their Tax accounts offshore and so like so many other biggies, pay a lot less than they should.

Something I don't get is why dividends have to be increasing. Why can they not be satisfied with merely making a decent profit?
All firms, not just Tesco.

We always get comments like this about successful large businesses when people see a big number and arent capable of putting it in context to the sales, margins and capital employed of the business.


As to studyforms "sod em" comment regarding shareholders virtually every employee of Tescos holds shares for a start as well as millions of other ordinary workers via their pensions, ISAs etc.

"Something I don't get is why dividends have to be increasing. Why can they not be satisfied with merely making a decent profit?
All firms, not just Tesco."

Is that a serious post?

Study,

Ok, I thought you meant it was just Tesco who provide free parking. As you say, all the big supermarkets do.

I know of several Tesco stores which are very close to town centres which is why you have to spend a minimum of £5 in store to take advantage of the free parking.

Increasing dividends: shareholders would get a return on their investment if profits and therefore dividends remained constant BUT they expect caital growth and income when they buy shares and the former wouldn't happen without increasing profits.

In many cases, the expectation of future increasing profits is already built in to the share price which is why many companies' shares may only yield 1% or so. And of course, you have the tech companies whose share prices have soared despite having never made a profit.

*that should be capital growth