Tesco stock holds steady as 2025 numbers frame the next update

Tesco stock is framed by its latest full-year numbers and the current market context around the London-listed grocer.

Tesco (GB00BLGZ9862) is anchored by its latest annual results and its London listing, with the company reporting revenue of GBP 68.2 billion and adjusted operating profit of GBP 2.83 billion for fiscal 2025.

The retailer also said like-for-like sales rose 4.0% in the year, while adjusted diluted earnings per share increased to 23.74p, giving investors a dated baseline before the next trading update.

FY 2025 revenue and profit

Tesco stock is best read through those fiscal 2025 figures, because they combine scale, profitability, and margin discipline in one set of numbers. Revenue reached GBP 68.2 billion, adjusted operating profit was GBP 2.83 billion, and adjusted diluted EPS came in at 23.74p for the year ended 29 February 2025.

The comparison matters. Tesco said like-for-like sales were up 4.0% in fiscal 2025, which gives a clearer operating signal than a single quarter alone.

Sales growth stayed positive

Grocer-scale sales trends remain the cleanest read-through for Tesco stock, and the 4.0% like-for-like increase shows demand held up across the year ended 29 February 2025. That growth sits alongside GBP 68.2 billion of revenue, so the scale effect still matters for margins.

Adjusted operating profit of GBP 2.83 billion also gives the market a profit anchor for the next phase of trading. For a UK food retailer, that is often the number investors compare first with sales momentum.

Margin still sets the tone

The combination of GBP 2.83 billion adjusted operating profit and 23.74p adjusted diluted EPS suggests Tesco kept conversion from sales into earnings intact in fiscal 2025. That matters more than a simple top-line headline because UK grocers compete heavily on price.

With 4.0% like-for-like sales growth already in the rear-view mirror, the next update will be judged against whether profit and cash conversion can stay close to that level. The fiscal 2025 figures are the clearest benchmark available now.

Product range keeps context

Tesco does not rely on a single product line, but its grocery, convenience, and online food businesses are the core of the revenue mix. That broad base helps explain why a GBP 68.2 billion sales line and a GBP 2.83 billion profit line can coexist in the same year.

For investors, the most relevant company-level context is still the scale of the supermarket estate and the repeat-purchase nature of food retail. Those traits are reflected in the 4.0% annual like-for-like sales growth reported for fiscal 2025.

London listing context

Because Tesco is London-listed, the shares are read through the UK consumer sector as well as the grocer peer group. The useful market anchor here is the latest fiscal 2025 report, not a headline-only narrative.

As of 19 July 2026, the company remains a large-cap UK food retailer, and the current reference point is still GBP 68.2 billion in revenue, GBP 2.83 billion in adjusted operating profit, and 23.74p adjusted diluted EPS for fiscal 2025.

Tesco at a glance

• Company: Tesco plc
• ISIN: GB00BLGZ9862
• Ticker: LSE: TSCO
• Trading venue: London Stock Exchange
• Sector / Industry: Consumer Staples / Food & Staples Retailing
• Index membership: FTSE 100