Tesco PLC
TSCO: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| GBX 294.00 | Jvsx | Xyvcqwxn |
Solid Multichannel Exposure and Focused Execution Make Tesco the Best Positioned Grocer
Business Strategy and Outlook
Tesco, the largest grocery retailer in the United Kingdom in terms of sales and store network, has successfully completed an ambitious turnaround. It has had one of the worst times in its history over the past decade, including an accounting controversy in 2014 and a subsequent decline in profits and growth owing to the advent of discounters in the U.K. food retail business.