Tesco upgrades profit guidance as festive sales rise
Tesco has reported an uplift in sales over the Christmas period as its share of customer grocery spend online and in store hit a four-year high.
Tesco recorded a 2.6% rise in group sales year on year in the 19 weeks to January 8, up 3.2% in the crucial six-week Christmas trading period.
On a two-year basis, the supermarket chain’s sales rose 8.7% over the six-week Christmas trading period and were up 8.2% over the 19-week period overall.
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