Tesco launches Amazon Go style 'just walk out' store in London

  • Tesco (OTCQX:TSCDF) has opened its first public checkout-free store GetGo following Amazon 's (NASDAQ:AMZN) cashierless Amazon Go.
  • The launch of the GetGo store in central London makes Tesco (OTCQX:TSCDF) the first of the major supermarkets to offer the checkout-free service.
  • Customers can now check-in to the company's store on an app, pick up the groceries they need and can walk straight out without visiting a checkout.
  • 'We are constantly looking for ways to improve the shopping experience and our latest innovation offers a seamless checkout for customers on the go, helping them to save a bit more time," said Kevin Tindall, managing director of Tesco Convenience.

    For this year Tesco 's revenue will be around 60.39 billion GBp. This is according to the average of the analysts' estimates. This is slightly more than 2021's revenue of 57.89 billion GBp.

    Historical revenues and results Tesco plus estimates 2021

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    The analysts expect for 2021 a net profit of 1.54 billion GBp. For this year the consensus of Tesco 's result per share is a profit of 20 GBp. The PE-ratio therefore is 13.5.

    Huge dividend Tesco

    For this year the analysts expect a dividend of 10 GBp per share. Thus the dividend yield equals 3.71 percent. The average dividend yield of the food & drug retailers is an attractive 2.04 percent.

    Latest estimates around 328 GBp

    The most recent recommendations for the food & drug retailer are from HSBC , Jefferies & Co. and Sanford C. Bernstein & Co.

    Based on the current number of outstanding shares Tesco 's market capitalization is 2086.78 billion GBp. 38

    At 17.50 the stock trades 0.11 percent higher at 269.9 GBp.

    Historical stock prices Tesco

    equity research tesco

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