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It will be a good Christmas for Tesco customers

18 Dec '09
3 min read

Outlook

Operationally the business is performing in line with expectations and the outlook for the year as a whole remains unchanged.

* Excludes the effect of IFRIC13 'Customer Loyalty Programmes', which requires a change in the timing of revenue recognition in respect of loyalty incentives. This will be applied to our statutory sales reporting with our Preliminary Results for 2009/10.
**The UK segment excludes Tesco Bank. Tesco Bank is reported separately in accordance with IFRS8 'Operating Segments'.

Tesco Plc

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