Leading UK supermarket Tesco has announced a rise in group sales of 13.9% in the third quarter.

“The core UK business has delivered another strong performance against tougher comparatives; in non-food, sales and market share have increased; our international operations have made good progress and our retailing services businesses have continued to attract new customers,” Tesco said in a statement to the financial markets.

UK sales grew by 11.6% in the 14 weeks to 19 November 2005, with like-for-like growth of 7.9% and 3.7% from net new stores. Like-for-like sales growth in the quarter, excluding petrol, was 5.5%. Inflation overall was 0.5% but excluding petrol, our stores saw deflation of 1.6% as we invested in lowering prices for customers. Non-food sales continued to see double-digit sales growth in the period.

International sales in the third quarter increased by 23.3% at actual exchange rates and by 16.0% at constant rates. We are on track to open almost 150 stores with a total of nearly 3.5 million square feet of sales area in International during the second half this year, representing our largest ever opening programme overseas. We have opened 25 stores in eight countries in the last four weeks alone, including our first store in Guangzhou, southern China.

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.