UK: Tesco Q1 sales in line, but growth pulling back
Market-leading UK retailer Tesco today [Friday] said its first-quarter same-store sales in the UK were up 4.5%. While this corresponds to analysts' forecasts, it confirms that sales growth has slowed since last year. Analysts see this as proof of their forecast that the overall grocery market is slowing down, rather than evidence that Tesco is in trouble. They expect to see same-store sales growth ease off to between 4% and 5% this year after a lively two years.
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
- Why personalisation will take-off in US food
- US food next wave on display at Winter Fancy Food
- General Mills sales woes continue - analysis
- Comment: Meal kits in US - don't believe the hype
- Analysis: Chocolate sector's deforestation pledge
- Kraft Heinz cuts jobs in US, Canada
- Post Holdings 'close to acquiring Weetabix'
- Mondelez set for union crosshairs next week
- Mondelez plays down impact of union action
- Recipe-kit firm HelloFresh launches into UK retail