Increase in Tesco Christmas sales

Tesco increased its sales over the Christmas period. UK’s largest retail network described its preliminary results in London on Thursday.

UK’s largest supermarket group reported third-quarter sales figures, which covered the 13 weeks to 26 November.

It said UK like-for-like sales rose 1.8 percent in the quarter, while group sales were up 1.5 percent.
Tesco’s sales have been broadly recovering since it reported a record loss in 2015.

Christmas like-for-like sales, which strip out the impact of new store openings, grew 0.7 percentin the UK, and were up by 0.3 percent across the group as a whole.

But Tesco shares dropped more than 2 percent in early trading after reporting disappointing non-food sales in the UK. (MTI, Kertész Róbert)