Tesco has announced more than 22,000 staff members will share a £134m windfall after the strong growth in its share prices.
The supermarket said the staff shareholders, part of the ‘Save as you Earn’ colleague share scheme, would make on average between £5,000 and £8,000 each from their options.
The £134m payout is more than four times the £30m profit Tesco colleagues shared in 2024, and more than twice the £66m profit they shared in 2020 from the SAYE scheme.
Under the scheme, Tesco shares can be bought at a discount to the current price and either sold or held for longer-term benefit
Colleagues can currently buy shares at the discounted price of either £1.82 for the three-year scheme, or £1.98 for the five-year option with savings they have invested in SAYE.
Employees who invested the maximum £500 a month into the share savings schemes would stand to make a profit of £29,374 from the three-year scheme and £42,576 profit from the five-year scheme, Tesco added.
“Our people are at the heart of everything we do, and when we succeed we want our colleagues to share in that success,” said Tesco chief people officer Emma Taylor.
“Our frontline colleagues deliver for customers every single day, and we are delighted that our Save as you Earn scheme is providing a really tangible reward for all their hard work, commitment and loyalty.”
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