Victoria’s Secret & Co. (VSCO) is priced at $33.90 after the most recent trading session. At the very opening of the session, the stock price was $32.24 and reached a high price of $34.00, prior to closing the session it reached the value of $32.88. The stock touched a low price of $32.12
Tesco beat expectations in the last financial year, but has warned earnings could come under pressure going forward as supermarkets battle against rising costs and consumers grapple with higher prices.
Tesco is set to see earnings recover following the tough times during the height of the pandemic, but will its progress be derailed by new inflationary challenges?
What is the outlook for Tesco as the economy reopens?
Tesco entered a new chapter last year when major changes were made to the board as fresh faces took over major roles, and this will be the first set of full-year results to be presented by chief executive Ken Murphy, who took over at the helm last October.
His immediate job will be to convince shareholders that the supermarket remains well-placed as the economy starts returning to normal. It will have to adapt again as behaviour changes again. For example, people will be eating less at home now that restaurants and the hospitality industry reopens. However, Tesco boasts diversity and can capitalise through wholesaler Booker, which performed well when the Eat Out to Help scheme was running but has suffered since the hospitality industry was closed.