Sainsbury's and Tesco, two of Britain's biggest retailers, reported higher grocery sales over the Christmas period. Sainsbury's enjoyed demand for premium ranges, but its shares dropped 5% due to weak clothes sales. Tesco saw a jump in sales and raised its profit guidance slightly, with a rise in underlying UK sales for the key Christmas trading period. Marks & Spencer also reported strong holiday sales growth. Britons prioritized treats at home over eating out, favoring the biggest retailers for their festive spending in a still tough economic condition.
Two of Britain’s biggest retailers recorded bumper grocery sales over Christmas as inflation-hit consumers focused their spending on food https://t.co/grlyUtIA9m
Tesco boosts profit outlook after strong Christmas sales https://t.co/fpQOoStwHY https://t.co/FwYXWgEgwF
WATCH: Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic condition https://t.co/FBXsbdSlKM https://t.co/8s6NDe3ywS
Tesco upgraded its profit outlook once again following a better-than-expected Christmas, where it sold more than 1 million fresh whole turkeys, turkey crowns and joints, 57 million mince pies and 6.6 million bottles of Prosecco https://t.co/rOXHTZ0yR7 https://t.co/bKq2MpkZ4i
Britain's biggest retailer Tesco upgraded its profit outlook once again and now expects its key profit figure to hit $3.50 billion in the year to end-February 2024 https://t.co/rOXHTZ16GF https://t.co/KrqGMavj5A
WATCH: Tesco, Britain's biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food https://t.co/FBXsbdSTAk https://t.co/nCJXO7GcXs
WATCH: Britain's biggest retailer Tesco upgraded its profit outlook once again and now expects its key profit figure to hit $3.50 billion in the year to end-February 2024 https://t.co/FBXsbdSTAk https://t.co/farSzRTVoB
Tesco, Britain's biggest retailer, upgraded its profit outlook for the second time in four months as it reported a better-than-expected rise in underlying UK sales for the key Christmas trading period, buoyed by demand for fresh food https://t.co/rOXHTZ0yR7 https://t.co/TGmfv9Eoaf
WATCH: Tesco upgraded its profit outlook once again following a better-than-expected Christmas, where it sold more than 1 million fresh whole turkeys, turkey crowns and joints, 57 million mince pies and 6.6 million bottles of Prosecco https://t.co/FBXsbdSTAk https://t.co/6vwsopPL7w
Britons splashed out on premium and party food at Tesco and Marks & Spencer over Christmas, prioritising treats at home over eating out, and favouring the biggest retailers for their festive spending in still tough economic condition https://t.co/rOXHTZ0yR7 https://t.co/1F2QPZTueT
Tesco raises profit forecast while M&S also reports strong Christmas sales https://t.co/OeadeNbJWV
Tesco raises profit forecast while M&S also reports strong Christmas sales Read more 👇 https://t.co/zA38FYReeD
Supermarkets report bumper Christmas sales but discount rivals win on price | ITV News https://t.co/5dbJwYnD6d
Tesco ups profit guidance after strong Christmas https://t.co/GM7HeKlqPQ
Britain's Tesco raises profit outlook after strong Christmas sales https://t.co/F1MrFOeuGC https://t.co/A2GI8NB7iu
Tesco and M&S emerge as winners from Christmas trading https://t.co/w9Rwos5i9E
Tesco $TSCO FY24Q3 (X'mas) update Group LfL sales +6.4%, incl. UK&I +6.9% UK market share (4 wks to X'mas) 27.9% (+15 bps) Consistent vol. growth, inflat less v. all peers FY24 outlook Retail Adj. EBIT ~£2.75bn (was £2.6-2.7bn) Retail FCF ~£2bn (£1.8-2.0bn) Bank EBIT £130-160m https://t.co/ro7pIHANDb
Tesco raises its profit guidance slightly after the supermarket chain saw a jump in sales during the approach to Christmas https://t.co/1rrwD4MdEY via @business
Marks & Spencer reports strong holiday sales growth as shoppers splashed out on premium Christmas food and gifts https://t.co/FOYPam4Qrj
Marks & Spencer reports strong holiday sales growth as shoppers splashed out on premium Christmas food and gifts https://t.co/QPWE0oKKEb
NEW: Tesco is the latest retailer to boast record Christmas sales Britain's biggest supermarket now expects higher profits for the year https://t.co/so2DR4DaQw
Tesco raises its profit guidance slightly after the supermarket chain saw a jump in sales during the approach to Christmas https://t.co/HLYb35nzLC
🛒 Sainsbury’s drags down FTSE as Argos slump wipes out Christmas boost https://t.co/UEZzibjMKL
Sainsbury’s announces jump in sales as food and drink inflation slowed https://t.co/gynljciv02 #inflation
Sainsbury's says its first Nectar Prices Christmas helped it to achieve volume growth ahead of the grocery market over the festive season but sales were not up across the board https://t.co/Dhd9GW7eKr
UK's Sainsbury's enjoys demand for premium ranges at Christmas https://t.co/2QaYUgILkg https://t.co/Z6xkJO724T
Brits splashed out on food & booze over Christmas - but cut back on other stuff. Sainsbury's is the latest retailer to confirm the trend. Shares down 5%. Sainsbury’s Drops as Weak Clothes Sales Offset Food Boom by @katielinsell on @BloombergUK 👇 https://t.co/zPEXdW1322
Sainsbury heralds bumper Xmas and claims to be grabbing market share https://t.co/vQmQBWWhwD
J Sainsbury reports higher grocery sales over the Christmas period but keeps its profit forecast unchanged https://t.co/WkJqBcrvVO