UK: Tesco bucks trend and announces better than expected sales growth
Tesco Plc announced better than expected sales growth over the Christmas period, beating its UK rivals. Britain's biggest supermarket group said UK like-for-like sales in stores open more than a year were up 6.9% over the seven weeks ending January 6, beating analysts' expectations of around 4-5%. Total UK sales for the seven weeks, covering Christmas and the New Year, were up 10.5%.
Tesco Plc announced better than expected sales growth over the Christmas period, beating its UK rivals. Britain’s biggest supermarket group said UK like-for-like sales in stores open more than a year were up 6.9% over the seven weeks ending January 6, beating analysts’ expectations of around 4-5%. Total UK sales for the seven weeks, covering Christmas and the New Year, were up 10.5%.
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