Tesco Stores CR Posts Loss in Fiscal Year 2024/2025

Strategic Insights -

Tesco Stores CR, a part of the UK-based Tesco PLC group, has announced a loss of Kc488m in the fiscal year 2024/2025, a stark contrast to the company's net profit of Kc421m in the previous year. This financial setback was largely attributed to a one-off asset write-down, according to Tesco spokeswoman Lucie Louckova. Total sales for Tesco Stores CR saw a 1.4% year-on-year increase, reaching approximately Kc44.3bn. Meanwhile, the Zabka franchise network, operated by Tesco Franchise Stores CR, reported a 1.6% rise in sales to around Kc1.6bn.

Key Takeaways:

  • Tesco Stores CR posted a loss of Kc488m in fiscal year 2024/2025, down from a net profit of Kc421m in the previous year.
  • The loss was caused by a one-off asset write-down, which will not affect operations.
  • Total sales of Tesco Stores CR increased by 1.4% year-on-year to approximately Kc44.3bn.
  • Zabka's sales rose by 1.6% to around Kc1.6bn.
  • The value of assets of Tesco Stores CR fell by Kc793m to Kc18.7bn, while for Tesco Franchise Stores CR, assets decreased by Kc36m to Kc384.3m.
  • Both companies operate under the Tesco PLC group umbrella.
  • Tesco Stores CR operates 184 outlets and 17 filling stations, with the Zabka franchise network consisting of 117 shops.
  • The average number of full-time equivalent employees at Tesco Stores CR decreased to 6,406 from 6,491 in the 2023/2024 financial year.

Statistics:

  • Losses for Tesco Stores CR in fiscal year 2024/2025: Kc488m.
  • Net profit for Tesco Stores CR in the previous year: Kc421m.
  • Increase in total sales for Tesco Stores CR: 1.4% year-on-year to approximately Kc44.3bn.
  • Zabka's sales increase: 1.6% year-on-year to around Kc1.6bn.
  • Decrease in the value of assets of Tesco Stores CR: Kc793m to Kc18.7bn.
  • Decrease in the value of assets of Tesco Franchise Stores CR: Kc36m to Kc384.3m.
  • Number of outlets operated by Tesco Stores CR: 184.
  • Number of filling stations operated by Tesco Stores CR: 17.
  • Number of shops in the Zabka franchise network: 117.
  • Average number of full-time equivalent employees at Tesco Stores CR: 6,406 (2024/2025) and 6,491 (2023/2024).

Sources:

  • CTK (Oct 14) - Retail chain Tesco Stores CR posted a loss of Kc488m in the fiscal year 2024/2025...