Oct 3, 2018

Tesco says growth continues as sales rise again

The UK's biggest supermarket chain Tesco has reported an 11th consecutive quarter of rising sales. UK like-for-like sales, which strip out the impact of new stores, were up 2.5% in second quarter. Sales at Booker, the food wholesaler that Tesco bought at the end of last year, were up 15.1%. Tesco chief executive Dave Lewis said the firm had "Made a good start to the year", with profits mainly driven by growth in the UK and Ireland. Tesco's group profits were boosted by the inclusion of Booker results and strong summer sales. Profit before tax rose 2.2% in the first half to £564m..

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