Apr 11, 2018

Tesco profits rebound 30% as turnaround continues

Annual profits at Tesco have jumped by 28% as the UK's biggest supermarket continues to turn its business around. Tesco said market conditions remained challenging because of continued cost price inflation. "Commenting on the results, Tesco boss Dave Lewis said:"This has been another year of strong progress, with the ninth consecutive quarter of growth. "More people are choosing to shop at Tesco and our brand is stronger, as customers recognise improvements in both quality and value." "All of this puts us firmly on track to deliver our medium-term ambitions and create long-term value for every stakeholder in Tesco."

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