Menu
18/01/2005
Tesco enjoy record Christmas sales
Leading UK supermarket chain, Tesco, have reported strong growth and record sales over the Christmas and New Year period.
The retailer's Christmas and New Year trading statement revealed that group sales had increased by 13% in the seven weeks up to January 8. Like-for-like sales, excluding petrol, also increased by 7.6%, which, the report stated was similar to the rate of growth reported in the last quarter.
Tesco also reported that its prices excluding petrol, decreased by 1.6%, as the chain invested further in lowering prices for its customers. The supermarket chain had announced an extra £80 million of price cuts on December 31.
Tesco's trading statement also reported strong international sales during the festive period, with an increase of 16.1%, in spite of "tough trading conditions" in some Central European markets.
Tesco indicated that the strong sales performance had made the group "confident" that their turn-out for the year would be in line with current market consensus, despite factors such as higher energy and fuel costs and adverse movements in exchange rates.
Commenting on the trading figures, Tesco said: "We are delighted that our staff delivered our best ever Christmas for customers."
(KMcA/SP)
The retailer's Christmas and New Year trading statement revealed that group sales had increased by 13% in the seven weeks up to January 8. Like-for-like sales, excluding petrol, also increased by 7.6%, which, the report stated was similar to the rate of growth reported in the last quarter.
Tesco also reported that its prices excluding petrol, decreased by 1.6%, as the chain invested further in lowering prices for its customers. The supermarket chain had announced an extra £80 million of price cuts on December 31.
Tesco's trading statement also reported strong international sales during the festive period, with an increase of 16.1%, in spite of "tough trading conditions" in some Central European markets.
Tesco indicated that the strong sales performance had made the group "confident" that their turn-out for the year would be in line with current market consensus, despite factors such as higher energy and fuel costs and adverse movements in exchange rates.
Commenting on the trading figures, Tesco said: "We are delighted that our staff delivered our best ever Christmas for customers."
(KMcA/SP)
Related UK National News Stories
Click here for the latest headlines.
12 January 2010
Tesco Reports Strong Festive Sales
Retail giant Tesco enjoyed a three-year sales high over Christmas 2009. Sales during the six weeks proceeding 9 January - excluding new stores, VAT and fuel - grew by 4.9%. Tesco said double club card points could be attributed to 0.7% of this year-on-year increase.
Tesco Reports Strong Festive Sales
Retail giant Tesco enjoyed a three-year sales high over Christmas 2009. Sales during the six weeks proceeding 9 January - excluding new stores, VAT and fuel - grew by 4.9%. Tesco said double club card points could be attributed to 0.7% of this year-on-year increase.
12 April 2005
Tesco profits top £2 billion
The UK's leading supermarket chain, Tesco, has become the first British retailer to announce annual profits in excess of £2 billion. The latest figures revealed by the company show that the group posted underlying pre-tax profits of £2.03 billion, an increase of 20.5% from 2004 figures. The supermarket reported global sales of £37.
Tesco profits top £2 billion
The UK's leading supermarket chain, Tesco, has become the first British retailer to announce annual profits in excess of £2 billion. The latest figures revealed by the company show that the group posted underlying pre-tax profits of £2.03 billion, an increase of 20.5% from 2004 figures. The supermarket reported global sales of £37.
08 January 2014
Sainsbury's Records Strong Sales
Sainsbury's has said it has recorded "strong sales" in its third-quarter trading performance. In the 14 weeks to 4 January 2014, the supermarket chain said like-for-like sales, which strip out the effect of new stores and excludes fuel, increased by 0.2%. This was the 36th consecutive quarter of like-for-like sales for the firm.
Sainsbury's Records Strong Sales
Sainsbury's has said it has recorded "strong sales" in its third-quarter trading performance. In the 14 weeks to 4 January 2014, the supermarket chain said like-for-like sales, which strip out the effect of new stores and excludes fuel, increased by 0.2%. This was the 36th consecutive quarter of like-for-like sales for the firm.
21 April 2009
Tesco Profits Soar Past £3bn
Supermarket giant Tesco has reported underlying annual pre-tax profits of £3.13bn. The retailer rung up sales of £1bn a week with group sales coming in at of £59.4bn in the 12 months to February 28. Today's profits are believed to be the first time a UK retailer has reached over £3bn on an underlying basis.
Tesco Profits Soar Past £3bn
Supermarket giant Tesco has reported underlying annual pre-tax profits of £3.13bn. The retailer rung up sales of £1bn a week with group sales coming in at of £59.4bn in the 12 months to February 28. Today's profits are believed to be the first time a UK retailer has reached over £3bn on an underlying basis.
20 September 2005
Tesco reports profits rise
Britain’s leading supermarket group, Tesco, has reported an 18.7% rise in profits in their first-half sales figures. The supermarket giant saw pre-tax profits rise to £908 million for the 24 weeks to August 13, beating average forecasts of £886 million. The group also reported a rise in sales of 14.1% to £18.
Tesco reports profits rise
Britain’s leading supermarket group, Tesco, has reported an 18.7% rise in profits in their first-half sales figures. The supermarket giant saw pre-tax profits rise to £908 million for the 24 weeks to August 13, beating average forecasts of £886 million. The group also reported a rise in sales of 14.1% to £18.
-
Northern Ireland WeatherToday:A showery start with outbreaks most frequent north of Lough Neagh and through the morning, before dwindling during the afternoon as the northwest breezes ease and brighter spells of weak sunshine prosper. Maximum temperature 8 °C.Tonight:A dry night, save for a few light showers around the coasts, with prolonged clear spells and light winds bringing a frosty dawn for many in central and southern parts. Minimum temperature -3 °C.
