Tesco group revenue results breakdown in the United Kingdom and ROI 2016/17-2023/24

In 2023/24, Tesco plc generated sales of over 56 billion British pounds in the UK and Republic of Ireland. The company’s revenues amounted to 62.88 billion pounds in the same period. 

Tesco PLC in profile

Tesco PLC is a multinational-operating grocery and general merchandise retailer. The company was founded in 1919 by Jack Cohen. The product portfolio includes food and beverages, clothing, home appliances, and financial services. Tesco is the leading supermarket brand in the United Kingdom, and the company has been leading in terms of grocery market share for years. The company is headquartered in Hertfordshire, United Kingdom and employs roughly 311,000 people in the UK and the Republic of Ireland. Tesco operates over 4,270 stores in the UK and the RoI. The majority of Tesco’s annual revenue is generated from sales in its key market: the United Kingdom.

Tesco in the UK market

Based on market share, Tesco’s largest competitors are Sainsbury’s and Asda. However, in recent years, Aldi and Lidl have had a larger impact on the UK grocery market than any other supermarket chain. The discounters are the only companies that managed to expand their market shares notably in the past 5 years.