Headed For Another Decade High?
A Tesco Extra sign displayed outside one of its stores in Altrincham, United Kingdom (photo by Nathan Stirk/Getty Images).
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The Tesco share price (LON:TSCO) has struck new decade highs on multiple occasions this year. With its interim results due tomorrow, here’s what investors can expect, and what it would take for the stock to keep smashing its ceiling.
EBIT Conservative
Earlier this year, management toned down expectations of another strong year with its lower adjusted EBIT guidance range of £2.7-3.0 billion (FY25 adjusted EBIT was £3.13 billion). Despite that, the market has moved past this and is now forecasting the board to upgrade the lower bound of its guidance range tomorrow by at least £100 million – and I…
