Tesco sales rise but growth ‘moderates’ as Covid restrictions ease

Customer observing social distancing in Tesco store

Tesco has posted an uptick in first-quarter sales but cautioned that growth “moderated” during April and May as Covid-19 restrictions eased.

The supermarket giant said retail sales across the group increased 1% on a like-for-like basis during the 13 weeks to May 29. On a two-year basis, like for likes jumped 8.1% as total sales hit £13.4bn.

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