A tough start for new Tesco chief executive Ken Murphy on Wednesday (October 7), as Britain's biggest retailer reported a fall in core half-year profit of just over 15%.
It comes after a jump in sales at its supermarkets was more than outweighed by higher costs and losses at its banking unit.
The group made an operating profit of a touch over 1 billion pounds, or $1.3 billion, in the 26 weeks to the end of August - that's down from close to $1.6 billion a year before.
Despite that, Tesco forecast that full-year retail operating profit would be at the same level as last year.
UK like-for-like sales rose 7.6% in the first half.
But the response to the pandemic led to extra costs of close to 700 million dollars, and Tesco Bank posted a loss of $200 million.
It all marks an early challenge for Ken Murphy, who took over from Dave Lewis at the start of October.
In the coming months, Murphy will also have to face the long-term impact of the pandemic and disruption from Britain's Brexit transition.
Tesco shares rose Wednesday though, up over 2 percent in early trade.