Tesco sales growth hits seven-year high as CEO insists it will try to keep prices low
Tesco reported a 2.3% rise in UK like-for-like sales for the 13 weeks to 27 May – its strongest performance since 2010 and sixth consecutive quarter of growth. It also means it beat analyst forecasts of 1.9% growth.
The big four supermarket has benefited from convincing shoppers to return from its rivals, with its first-quarter performance boosted by a 2.7% rise in food sales. And these numbers have particularly resonated with shareholders, with Tesco’s shares up 3% this morning &nda
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