What the analysts say: Tesco's turnaround plan bearing early fruit?
UK retailer Tesco booked better-than-expected UK sales over the key Christmas trading period as the group benefited from the various initiatives under its domestic turnaround plan. The group has invested in improving its customer proposition over the past nine months. UK shoppers have responded positively, driving like-for-like sales gains. However, the City reaction has been somewhat mixed, with some analysts highlighting last year's weak comparables while others have hailed Tesco's early gains.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-food gives you the widest food market coverage.
Paid just-food members have unlimited access to all our exclusive content - including 17 years of archives.
I am so confident you will love complete access to our content that today I can offer you 30 days access for $1.
It’s our best ever membership offer – just for you.
Dean Best, editor of just-food
- Does Kraft Heinz want to swallow Unilever whole?
- Focus: Nestle CEO plan to balance sales, earnings
- Comment: Meal kits in US - don't believe the hype
- Why Reckitt Benckiser moved for Mead Johnson
- Is Mondelez's margin target hurting sales?
- Kraft Heinz pursuing Unilever in takeover move
- Kraft Heinz pulls Unilever bid
- General Mills issues profit warning
- Kerry Group staff in Ireland suspend strike action
- Nestle plans restructuring as 2016 profit misses