Tesco: Coronavirus (COVID-19) Company impact

Tesco: Coronavirus (COVID-19) Company impact

  • May 2020 •
  • 20 pages •
  • Report ID: 5914328 •
  • Format: PDF
Tesco: Coronavirus (COVID-19) Company impact

Summary
The coronavirus (COVID-19) company impact report analyses how the pandemic will impact Tesco’s performance.

Tesco is forecast to experience a positive impact to its 2020 sales due to the effects of COVID-19 with increased demand for food & grocery globally as consumers stay at home, resulting in a sales increase of 9.2% on 2020 vs 2019.

To cope with swelled demand for online grocery, Tesco has mobilised its logistic network in the UK and increased the number of delivery slots it offers.

Scope
- Tesco has a large presence in West Europe (accounting for 78.4% of sales in 2019) and the severe impact of COVID-19 in this region causing stockpiling early on, has driven sales for the grocer.
- Tesco is delivering online shopping using plastic bags as this shortens the time needed to deliver an order, thus reducing the risk of infection.
- Tesco’s performance will be similar to its rivals, with all supermarket chains benefiting from the rise in demand for food & groceries.

Reasons to Buy
- Use our revised 2020 forecast for Tesco to understand how the COVID-19 pandemic will impact its performance this year.
- Use our charts to review how Tesco’s sales are split by region globally and how these regions have been impacted by COVID-19.
- Use our in-depth analysis to review how Tesco has responded to COVID-19 and how this will affect its performance.
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