HOME > NEWS > Fresh retailer Tesco Tesco growth accelerated in the third quarter

Benefit from the strong food business, the holiday season growth of 2.0%, but the data is still below market expectations of 2.4 to 3.2% growth.

 

 

 

Period in the third quarter, the UK and Ireland market comparable sales growth were 2.3% and 3.3%, respectively, and central European markets also has 0.8%, only 9.6% falls in Asia market dragging the whole quarter comparable sales growth to 0.9%. Group chief executive Dave Lewis said, due to the company for years has been the most competitive price, so the holiday season to continue beyond the market, trading momentum accelerated in December, continuation of the strong third quarter before Christmas, the UK market sales and sales hit a record. The week before Christmas, according to the tesco company of 58 million customers, have 7.7 billion pieces of grocery order fulfillment at the same time. The UK home market holiday season food business recorded a comparable sales growth of 3.4%, including 3.7% of fresh food growth, but mainly clothing general merchandise business and tobacco sales continue to slump. Dave Lewis said in a statement the company have the confidence to achieve full-year target, and the medium-term goal.