Tesco, Britain's largest supermarket group, has reported a 4.6% rise in underlying quarterly sales in its home market, driven by increased volume growth and improved customer sentiment. The company has also seen a rise in market share as its efforts to keep prices low for customers have paid off. Tesco's CEO noted that UK customer sentiment is improving and expects low single-digit inflation in food for the rest of the year. Additionally, the company is not significantly impacted by shipping cost increases and is not overly concerned about employment measures in the Labour Party manifesto. Tesco reiterated its full-year sales target of £70 billion and stated it is well-positioned for the remainder of the year. The retailer recorded a strong rise in retail sales in the first quarter, buoyed by easing inflation.
🇬🇧 Tesco sales climb in ‘strong’ first quarter https://t.co/dQTRHZlzNN
🇬🇧 Tesco grows market share and sales in first quarter https://t.co/Umqa89TQJ7
🇬🇧 Tesco sales rise as falling inflation fuels grocery shopping splurge https://t.co/sv4nIcTmDr
Tesco continued to win market share and grow volumes in the first quarter, leaving the grocery giant on target to hit its full-year sales target of £70bn ⬇️ https://t.co/UGqfOaQyFj
Tesco says it has recorded a "strong" rise in retail sales in the latest quarter - buoyed by easing inflation. Read more 🔗 https://t.co/l0zUHTkj5l
Tesco sees food sales grow as inflation eases. Read more 🔗 https://t.co/mg5SUHaZ52
Tesco says shoppers are buying more as confidence returns https://t.co/RAl6HZtuCX
Tesco, Britain's biggest supermarket group, said it was ‘well positioned’ for the balance of the year, as it reported a 4.6% rise in underlying quarterly sales in its home market and reiterated its guidance https://t.co/6foXWRHJV2 https://t.co/hmT7zzs0QJ
U.K. supermarket Tesco says sales uptick is leading to market share gains https://t.co/wbUnMqgHZp
Tesco issues message to shoppers buying food in stores 'over summer' https://t.co/pAXxLhXQXz
Supermarket giant #Tesco has reported an increase in sales and market share as its efforts to keep prices low for customers have continued to pay off for the retailer.
⚠️ TESCO CEO: **UK CUSTOMER SENTIMENT IS IMPROVING **BASE CASE FOR REST OF YEAR IS LOW SINGLE DIGIT INFLATION IN FOOD **SHIPPING COST INCREASES NOT MATERIAL SO FAR **NOT UNDULY WORRIED BY EMPLOYMENT MEASURES IN LABOUR PARTY MANIFESTO
Tesco Backs Guidance After Volume Growth Lifts Sales https://t.co/0mp2dqeSOE