Tesco’s pre-tax profit slides to £825 million in fiscal 2021

Tesco plc (LON: TSCO) said on Wednesday that its profit before tax posted a decline in fiscal 2021, attributed to the increased costs due to the ongoing COVID-19 crisis. The company, however, expressed confidence that lower spending in fiscal 2022 will help improve profitability. Tesco shares opened more than 2% down on Wednesday and tanked […]