Tesco raises annual profit outlook after first-half rise

Easing inflation lifts profit at UK supermarket Tesco

Supermarket group Tesco, Britain’s biggest retailer, said Thursday that net profit gained in its first half as cost pressures eased for consumers and companies. Profit after tax jumped 13 percent to £1.1 billion ($1.4 billion) in the six months to late August from a year earlier with sales rising as inflation cooled, Tesco said in a statement. Group sales rose 3.1 percent to £35.2 billion in the first half.  The supermarket giant reduced costs b…

Tesco sees sales growth after rise in premium shoppers | Business News | Tech, Entertainment, Sport, Fashion, Travel News

Tesco has said a focus on value amid the continuing squeeze on shoppers’ budgets has paid off through a rise in half-year profits. The UK’s biggest retailer raised its annual guidance on the back of market share gains versus major rivals over the six months to 24 August. It also credited higher demand for its […]

Tesco says consumers in ‘good shape’ as it reveals jump in premium shoppers

The UK’s biggest supermarket said shoppers were buying more items than they were last year.

Tesco toasts sales growth as it sees surge in premium shoppers

The UK’s largest supermarket said it is forecasting its full-year profit to be slightly higher than previous guidance.

Tesco raises annual profit outlook after first-half rise

Tesco has today raised its annual profit forecast as the supermarket group won market share in its first half in the UK and Ireland, giving it momentum ahead of the key festive trading period.