Tesco says its growth plans are on track after it reported a 10th consecutive quarter of rising sales.<\/p>\n
UK like-for-like sales, which strip out the impact of new stores, rose 2.1% in the 13 weeks to 26 May.<\/p>\n
The supermarket giant said sales had recovered after being affected by bad weather conditions in March.<\/p>\n
Tesco chief executive Dave Lewis said he was “delighted with initial progress on Booker”, the food wholesaler that Tesco bought at the end of last year.<\/p>\n
Like-for-like sales at the wholesaler – which owns the Premier, Budgens and Londis store brands – rose 14.3% in its first quarter under Tesco’s ownership.<\/p>\n
Mr Lewis said he was “pleased with the momentum in the business”.<\/p>\n
Tesco’s first quarter sales were a slight slowdown from the 2.3% rise in the fourth quarter, but the group said they were held back by March’s heavy snow which put people off going shopping.<\/p>\n
Mr Lewis said the supermarket was continuing to focus on re-launching its own brand range and was now more than a quarter of the way through this.<\/p>\n
The own-brand re-launch is part of Tesco’s plan to take on discounters Lidl and Aldi, which continue to win market share from the bigger supermarkets.<\/p>\n
Despite the competition, Tesco is still by far the UK’s biggest supermarket with a 27.7% market share, according to the latest figures.<\/p>\n","protected":false},"excerpt":{"rendered":"
Tesco says its growth plans are on track after it reported a 10th consecutive quarter of rising sales. UK like-for-like sales, which strip out the impact of new stores, rose 2.1% in the 13 weeks to 26 May. The supermarket giant said sales had recovered after being affected by bad weather conditions in March. Tesco […]<\/p>\n","protected":false},"author":1,"featured_media":800,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,3,4,6,9,10,20],"tags":[],"class_list":["post-836","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business-2","category-business-of-sport","category-companies","category-entrepreneurship","category-global-trade","category-market-data","category-technology-of-business"],"_links":{"self":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/836","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/comments?post=836"}],"version-history":[{"count":0,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/posts\/836\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media\/800"}],"wp:attachment":[{"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/media?parent=836"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/categories?post=836"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/frenify.com\/work\/envato\/frenify\/plugin\/elementor\/1\/wp-json\/wp\/v2\/tags?post=836"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}