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%.

    Comparable sales at UK locations increased 5.1% to £12.3 billion, and at Booker wholesale rose 2.0% to £2.3 billion, and in Central Europe advanced 4.1% to £997 million.  

    Food sales up  increased5.9% from a year ago, with a strong contribution from fresh food; non-food sales excluding toys  surged 6.2%, with strong growth in home and apparel, benefiting from new and extended ranges as well as warmer weather conditions. 

    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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