Comps

Question 1

Why’s the EBITDA different in the football field

Answer 1

Have used Calendar Year 24 estimates to account for the fact that FYs don’t match up w.g. Couldn’t compare Tescos actual FY24 year to an estimate for another comparable

Calendarised

Question 2

How does Tescos EBITDA margin compare to their peers

Answer 2

Post IFRS:
Tescos is 6.6%

Sainsburys is 6.4%

Carrefour around 3%

Asda’s 4.7%