Tesco's Irish and UK Sales Growth Accelerates in Q1
- Tesco posted strong sales growth in the 13 weeks to 24 May, with group like-for-like sales up 4.6% and UK market share rising to 28%.
- This growth followed Tesco's value-led strategy, including launching over 350 new own-brand products and matching Aldi’s prices on key items.
- Sales increased across all channels, with UK like-for-like sales up 5.1%, Irish sales rising 5.5%, and online sales growing 11.5% year-on-year.
- CEO Ken Murphy attributed the like-for-like growth across all areas of the Group to the company’s ongoing focus on providing excellent value, high-quality products, and outstanding service.
- Tesco reiterated its full-year profit forecast of £2.7bn to £3.0bn, down from £3.13bn last year, reflecting ongoing intense competition in the UK grocery market.
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Tesco sales growth contributes to continued market share gains in Q1 - Shelflife Magazine
Tesco has reported an increase in underlying sales growth in its first quarter, gaining market share from rivals, which indicates that improvements in value, product quality, and service have resonated with consumers. The group, whose share of Britain’s grocery market has grown this year to 28%, a level not seen since 2016, said today its UK like-for-like sales rose 5.1% in the 13 weeks to May 24, having been up 4.3% in the previous quarter. In …
Tesco sees Q1 2025/26 LFL sales up 4.7% and maintains profit guidance
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