Market Updates
Europe Movers: Tesco PLC
Inga Muller
12 Jun, 2025
Frankfurt
Tesco PLC gained 1.3% to 390.20 pence after the grocery and general merchandise retailer released its first-quarter trading statement.
Sales in the quarter increased to £16.38 billion from £15.30 billion a year ago, as same-store sales climbed 4.6%.
The company launched over 350 new products, including the new Finest Regional Italian range and enhancements to the company’s Fire Pit barbecue range.
Tesco registered growth in all its channels, led by the online segment, where sales were up 11.5% from a year ago.
The company guided full-year adjusted operating profit to be between £2.7 billion and £3.0 billion, compared to £3.13 billion a year earlier.
The retailer bought back £448 million worth of its own shares, and the balance of £1.45 billion will be completed by April 2026.
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