Tesco PLC announce a proposed final dividend of 5.95pps to take full year dividend to 9.15pps - in line with last year and an exception to their policy, reflecting the importance the Board places on dividends paid to shareholders and its confidence in future cash flows
Other financial highlights include:
Sales exceptionally strong; growing UK market share in the year and gaining customers from all key competitors
Highest value perception in a decade; Aldi Price Match launched in March 2020 and then extended to >500 lines
Clubcard Prices launched in September and now extended to over 3,000 products; >two million more Clubcard app users
UK online sales £6.3bn, up 77%; capacity > doubled to 1.5m slots/wk; West Bromwich UFC on track, UFC #2 opens in May
Concluded £8.2bn sale of Asia business; £5.0bn returned to shareholders + £2.5bn one-off pension contribution
GHG emissions reduced 54% vs 2015 baseline; removed 1bn items of plastic; redistributed 82% of UK surplus food (+5% YoY)
Well set for the current year; strong improvement in profitability expected whilst trading conditions likely to remain volatile
