More than 22,000 employees at supermarket Tesco can share in a £134 million windfall following the performance of its sharesave scheme.
A total of 22,348 Tesco employees, mainly working in stores and distribution, will receive between more than £5,000 and £8,000 each. The £134 million payout is more than four times the £30 million profit shared in 2024, and more than twice the £66 million profit shared in 2020.
This year’s total has been driven by strong share price gains, with the Tesco share price up more than 26% in the last year.
Through the scheme, employees can buy shares at a discounted price of either £1.82 for the three-year scheme, or £1.98 for the five-year option with savings they have invested. Staff can choose to either keep the shares for the longer term or sell some or all of them.
Employees who invested the average figure of £91 a month in the three-year scheme will make a profit of £5,346. Those who invested the average £94 a month in the five-year scheme will make £8,004 profit.
Employees who invested the maximum £500 a month into the scheme will make a profit of £29,374 after three years and £42,576 profit after five years.
Emma Taylor, chief people officer at Tesco, said: “Our people are at the heart of everything we do and when we succeed, we want our employees to share in that success. Our frontline employees deliver for customers every single day, and we are delighted that our [sharesave] scheme is providing a really tangible reward for all their hard work, commitment and loyalty.”
