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.
Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
From May 2020 to Jun 2020 Click Here for more Tesco (PK) Charts.
Tesco (PK) (USOTC:TSCDY)
Historical Stock Chart
From Jun 2019 to Jun 2020 Click Here for more Tesco (PK) Charts.