Tesco: Not a Sterling Performer


Use the podcast player below to listen to our discussion on Tesco and its Q3'23 result, which accompanies the detailed write-up below: (Date of report: 19 January 2023) Grocery retail isn’t the most exciting industry, let’s face it. Nevertheless, these companies are defensive investments that are theoretically good punts in tough times. As we’ve seen before, the theory and the practice aren’t always aligned. In Tesco, we find a UK retailer that has a history of strategic missteps. Of course, at the right price, almost anything is a buy! In analysing Tesco, we also highlight some stark differences vs. the US [...]