Christmas trading sees Tesco bag 12th consecutive quarter of growth

Published on: January 11th, 2019

Tesco has reported a 2.2% rise in UK like-for-like sales over the festive period as the supermarket unveiled Christmas trading figures.

Tesco said that it outperformed the market in all key categories – food, clothing and general merchandise, including toys. For the third quarter as a whole, Tesco recorded comparable UK sales growth of 0.7%. Booker’s like-for-like sales grew by 11% during the third quarter.

Tesco’s first-half operating profits leap nearly 48%

Chief executive Dave Lewis commented: “As a team we have achieved a lot in the last 19 weeks. In the UK we delivered significant improvements in our competitive offer and this is reflected in a very strong Christmas performance which was ahead of the market. In central Europe, the reshaping of our business continues and we are confident of the outcome we envisaged. In Asia, negotiations with suppliers are concluding satisfactorily and we can see this in our simpler, clearer, more impactful offer for customers.”

He added: “We have more to do everywhere but remain bang on track to deliver our plans for the year and as we enter our centenary we are in a strong position.”

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