Tesco Reports Robust Sales Growth as Inflation Eases
The UK's largest supermarket sees increased market share and anticipates further gains with upcoming sports events.
- Tesco's retail sales rose by 3.4% to £15.3 billion in the latest quarter.
- UK sales grew by 4.6%, driven by a 5% increase in food sales.
- High demand for fresh produce and premium products boosted sales volumes.
- Tesco's market share climbed to 27.6%, its highest growth rate in two years.
- The company expects to deliver an operating profit of at least £2.8 billion for the current financial year.