Supermarkets
Tesco warns of lower profits amid rise in price competition
It has forecast profits for FY 25/26 to be between £2.7bn and £3.0bn, down from the £3.13bn that has been reported in its latest financial year
Tesco has warned of lower profits in the coming year, following a rise in the “competitive intensity” across UK supermarkets over the last few months. In its latest preliminary results, it has forecast profits for FY 25/26 to be between £2.7bn and £3.0bn, down from the £3.13bn that has been reported in its latest financial year.
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