European food retailer Tesco has group sales of more than GBP 50 billion and saw its profitability soar by nearly 60%. The group is active in eastern Europe as well as the UK, where it operates convenience buying group and wholesaler Booker foods in addition to the ubiquitous supermarkets. Here are a few headline figures from its annual report.
2021 | 2022 | ||
Group sales | GBP 53.4 billion | GBP 54.8 billion | up 3% |
Group profit | GBP 1.8 billion | GBP 2.8 billion | up 58.9% |
To give an idea of the scale of these results, the 2021 GDP of Rwanda was 11.7 billion USD.
Tesco financial 2022 results are available at https://www.tescoplc.com/investors/reports-results-and-presentations/annual-report-2022/, the Rwanda GDP figure supplied by Google based on World Bank data.