Tesco CFO Stewart Is Confident in Plan for Year Ahead

The transcript discusses economic trends, focusing on deflation and inflation, and the company's strategies to mitigate inflation by working with suppliers. It highlights the importance of maintaining competitive pricing to attract customers and discusses cost management strategies in light of Brexit. The transcript also covers the company's confidence in acquiring Booker, despite shareholder concerns, and its potential benefits for growth in the food service market.

What was the percentage of deflation experienced in the year mentioned?

How does the company plan to mitigate inflation according to the text?

What is the target operating margin set for 2020?

What are the three areas the company is focusing on to manage costs?

What is the significance of the acquisition of Booker as mentioned in the text?