COVID-19 Impact on Tesco
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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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