Tesco lifts profit outlook after solid Christmas trading update [Seeking Alpha]
TESCO PLC S/ADR (TSCDY)
NASDAQ:AMEX Investor Relations:
tescoplc.com/investors
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Source: Seeking Alpha
Group like-for-like sales were up 3.1% in Q3 and 2.4% over the six-week Christmas period, driving 2.9% growth across the combined 19 weeks. UK like-for-like Fresh Stock Ideas, Every Day Explore diverse investing perspectives with daily analysis from experts across the market. Subscribe to Stock Ideas Sign Up Quick Insights Tesco's sales growth slightly missed consensus expectations, leading to a 5.5% share price drop despite strong UK performance and high market share. Key challenges include softer Booker performance and tobacco market decline, while positives are strong UK sales, supplier relationships, and successful loyalty/pricing strategies. Tesco is seen as well-positioned due to its scale, supplier relationships, and pricing initiatives, making it resilient to tough consumer environments. Recommended For You More Trending News
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