Tesco upgrades profit guidance as festive sales rise

The Tesco board was grilled at its AGM

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.

Subscription content

Please sign in now if you have a subscription or are already registered with us.

Retail Week

Register for free to continue reading

Retail-Week.com provides premium, in-depth intelligence that helps retailers judge risks, spot opportunities and identify what they need to do to win in the digital economy.

Register today for a taste of our high-quality intelligence and enjoy:

  • Two free article views per calendar month on Retail-Week.com
  • Detailed analysis of current trends and events 
  • Exclusive newsletters
  • In-depth reports, videos, interviews and much more

Discover Retail Week register now

Please note, if you have recently purchased a subscription, it may take a few minutes before your account is updated.