Week ahead: Tesco and PepsiCo results due
By Michele Maatouk
Date: Friday 02 Oct 2026
(Sharecast News) - Next week will kick off with the release of UK, eurozone and US services and composite PMIs for September on Monday.
On Tuesday, eurozone retail sales figures and German factory orders for August will be out, while the S&P Global UK construction PMI for September is scheduled for release.
Wednesday will see the release of quarterly results from Levi Strauss, Constellation Brands and Applied Digital. Market participants will also eye German industrial production figures for August, the Lloyds house price index for September in the UK and the latest minutes from the Federal Open Market Committee.
On Thursday, interim results from supermarket chain Tesco and full-year results from Volution Group will be in focus. Across the pond, quarterly results from PepsiCo and initial jobless claims will be out.
AJ Bell analysts Russ Moud, Dan Coatsworth and Danni Hewson said: "The waves may be choppy, but Tesco is steaming ahead, operating at close to its strongest market share in more than a decade. Whether it can sustain this as UK households head into a winter period which could test already frayed domestic finances is the big question in front of investors.
"The company has made a point of pursuing volumes and market share gains over expanding its profit margins in the short term, employing its aggressive Aldi Price Match scheme and Clubcard prices. In the first quarter, sales growth moderated in line with easing food price inflation but that trend may well have reversed in the second quarter."
The analysts said investors will be looking for Tesco to address rumours it is planning to sell off its Central and Eastern European operations. "Having previously pursued a very diversified strategy, Tesco has narrowed its focus to good effect in recent years and exiting these markets would very much be in line with that direction of travel," they said.
"While Tesco's competitive position is unrivalled in the UK grocery market there has been some very modest erosion in its share over the summer months. This could be attributed in part to a recovery for Marks & Spencer and Co-op after the cyber incidents which blighted their own performance last year. However, if there is further evidence of Tesco's lunch being eaten by rivals, it may provoke a measure of concern among investors."
Investors will also also turn their attention to German trade data for August on Thursday, while Friday sees the release of quarterly results from Delta Air Lines in the US, along with the preliminary Michigan consumer sentiment index for October.
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