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TSCDF - Tesco: Among The Fitter Players In A Challenging Environment
Tesco PLC
Challenging macro conditions driven by soaring inflation expected to hit profits this year.
Long-term restructuring appears to have helped improve profitability and cash generation. Further cost savings expected over the coming years.
Stiff competition could result in market share erosion plus weakening profits, but as UK's largest grocer with a wide store network, Tesco is among fittest to weather competitive pressures.