Need To KNOW!!!!

Question 1

Why is pre ifrs more accurate?

Answer 1

Lease expenses are very significant for Tesco or retail businesses in general - thus should be accounted for in operating income and therefore value.

As a to ignore it would be ignoring a significant cash outflow

Question 2

How could Whoosh compete or deal with the increase in popularity of Deliveroo grocery shopping etc.

Answer 2

Which data showed that on average just eats or Deliveroo can cost up to 1/3 more than grocers own websites

Question 3

Freehold vs leasehold benefits

Answer 3

60% freehold for Tesco, 40% leasehold, have been buying back to limit exposure to rent inflation.

Sainsburys similar, Asda higher at 75%

Question 4

How could Tesco innovate?

Answer 4

Hyper competitive market, Dunnhumby solid potential

Also a focus toward cutting medium turn costs through automation: self checkout, self replenishment systems (robots) etc. will lower impact of wage inflation