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How does Tesco feel about the UK economy?

By Chris Bailey of Financial Orbit | Friday 17 June 2022


Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from ShareProphets). I have no business relationship with any company whose stock is mentioned in this article.


About three months ago, I noted that, before I bought back into the shares, I needed to see a >10% fall in the then c. 265p Tesco (TSCO) share price. We are not there yet, given this morning's 248p price, but what did its Q1 update say about the tricky path ahead?

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