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Tesco hails fifth consecutive Christmas of growth

Tesco has said it performed well in a “subdued” UK market as it reported a fifth consecutive Christmas of growth. The six weeks to 4 January… View Article

FOOD & DRINK

Tesco hails fifth consecutive Christmas of growth

Tesco has said it performed well in a “subdued” UK market as it reported a fifth consecutive Christmas of growth.

The six weeks to 4 January saw Tesco increase its like-for-like sales by 0.4%. Total sales rose by 0.2% in the period.

The supermarket said its customers benefited from lower prices with a typical basket of 21 festive items in the weeks before Christmas being £2.28 cheaper year-on-year.

Across the retailer’s third quarter, UK sales were up 0.2% on total basis and up 0.4% on a like-for-like basis.

Dave Lewis, Tesco chief executive, said: “In our centenary year, our customer proposition was compelling, our product offering very competitive and thanks to the outstanding contribution of our colleagues, our operational performance was the best of the last six years.  As a result, this Christmas we had the biggest ever day of UK food sales in our history.”

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