Tesco like-for-like sales rise in first quarter

The supermarket giant saw like-for-like sales up 2.3% in the three months to 27 May. A rise in demand for fresh food was behind Tesco’s strong showing.

Tesco chief executive Dave Lewis said: “In tough market conditions we have stayed true to our commitment to helping customers – working closely with our supplier partners to keep prices low.”

He added that food price inflation in stores was at 1.4% and that the supermarket has avoided passing on the full impact of price rises to consumers.

Lewis said: “Customers have responded by doing more of their shopping with us and as a result we continue to grow volumes, particularly in fresh food.

“This is a good start to the year, with our sixth consecutive quarter of positive like-for-like sales growth across the group. We are confident in our plans to create long-term, sustainable value for our key stakeholders and to deliver on the ambitions we have set out.”

PN Staff

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