Tesco posts Q1 like-for-like sales growth of 0.9 percent

For the first quarter of fiscal 2016, Tesco, while maintaining a positive like-for-like sales growth momentum, posted a 0.9 percent rise in Group like-for-like sales. UK like-for-like sales were up 0.3 percent and international like-for-like sales increased 3 percent.

Commenting on the first quarter trading, Dave Lewis – Chief Executive said, “We have delivered a second quarter of positive like-for-like sales growth across all parts of the Group in what remains a challenging market with sustained deflation. In both the UK and internationally, we are putting customers at the centre of everything we do and re-configuring our business to serve them a little better every day.”

The company said that new, exclusive fresh food brands are showcasing positive performance in the UK. Tesco now plans to direct greater focus on its core business to achieve further growth.

picture:tesco