Tesco like-for-likes nudge up as Booker boosts growth
Tesco like-for-likes inched up in its first quarter as its sales were boosted by its merger with Booker.
UK and Ireland sales rose 0.8% on a like-for-like basis and 1.3% on a total basis, reaching £11.16bn. However, UK total sales dipped 0.4%, though like for likes rose 0.4%.
Booker drove growth with like for likes up 3.1% and total sales up 12.4% to £1.51bn.
Tesco attributed the performance to investments in price, range and loyalty that it made as part of its ‘100 Years of Great Value’ campaign.
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