Tesco 1Q 2020 Like-For-Like Sales Rose 0.2%
June 13 2019 - 2:51AM
Dow Jones News
By Adriano Marchese
Tesco PLC (TSCO.LN) said Thursday that group like-for-like sales
growth was 0.2% in the first quarter of fiscal 2020.
The U.K.'s biggest grocer by market share said group sales were
13.99 billion pounds ($17.79 billion) in the quarter ending May 25.
The company said that the U.K. and Republic of Ireland contributed
GBP11.17 billion in revenue during the period, which represents a
0.8% increase on a like-for-like basis.
The company said that U.K. online grocery sales were up 7%
year-on-year, with 10% more people using the click and collect
order feature.
"We have had a strong start to the year, growing ahead of the
U.K. market on both a volume and value basis," Chief Executive Dave
Lewis said.
Write to Adriano Marchese at adriano.marchese@dowjones.com
(END) Dow Jones Newswires
June 13, 2019 02:36 ET (06:36 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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