DAVID MCCARTHY | EVOLUTION SECURITIES
Our overriding impression is that the UK business remains disappointing and we are unconvinced that enough has been done to put it back on track. We are concerned strategically on Tesco. We had hoped that the Big Price Drop would be a significant event, but it looks increasingly disappointing.
ANNA SMEE | HUNDRED CONSULTING
When even an established supermarket such as Tesco is suffering at home, you know the economy is in trouble. Tesco's international exposure and innovation mean it is fairly well positioned to ride out the downturn as it continues to innovate despite the difficult backdrop.
RICHARD HUNTER | HARGREAVES LANSDOWN
The multi-pronged approach is helping to deliver a robust growth model. The UK performance was muted in the period, whilst the US continues to run at a loss, even though the turnaround plan seems to be clearly on track. It remains strongly placed as compared to its home market peers.