Tesco says shoppers are buying more food as inflation eases as it posted a trading update. Tesco revealed total retail sales grew by 3.4% to £15.
3 billion in the 13 weeks to May 25, compared with the same period last year. The UK's largest supermarket chain recorded 3.4 per cent growth in total retail sales to £15.
3 billion in the 13 weeks leading up until May 25, compared to the same period the previous year. It also registered a five per cent food sales hike. Tesco forecasts delivering an operating profit of no less than £2.
8 billion for the current fiscal year, maintaining its April-set targets. Tesco CEO Ken Murphy said: "We've continued to build momentum in the business, with strong volume growth across the UK, Republic of Ireland and Central Europe supported by easing inflation." READ MORE UK tourists warned over taking Ozempic before travelling to Spain, Greece, Portugal "Our market share reflects this, growing more than at any other time in the past two years, with customers switching to us from other retailers, shopping with us more often and with more in their baskets.
" Mr Murphy said: “We continue to be the cheapest full-line grocer and are the most competitive we’ve ever been, with our value, product quality and service driving better brand perception and customer satisfaction. "Our market share reflects this, growing more than at any other time in the past two years, with customers switching to us from other retailers, shopping with us more often and with .
