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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.

Overview

  • 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.