ACR-News

 

Tesco half year sales increase

Tesco has seen its sales grow for the 26 weeks ending 27 August.

Tesco has seen its sales grow for the 26 weeks ending 27 August.

According to the retailer’s interim results announcement,UK sales were up by 0.6% on a like-for-like basis, while group like-for-like sales grew by 1.0%. UK volumes increased by 2.1%, while UK transactions rose by 1.6%.

The company says it is on track to deliver £1.2bn group operating profit before exceptional items for the full year.

Chief executive Dave Lewis said: 'We have made further strong progress in the first half, with positive like-for-like sales growth across all parts of the Group as we re-invest in our customer offer whilst rebuilding profitability in a sustainable way.”

He continued: “Whilst the market is uncertain, we have made significant progress against the priorities we set out two years ago, stabilising the business and positioning us well for the future. Today, we are sharing the plans we have in place to become even more competitive for our customers, even simpler for colleagues and an even better partner for our suppliers, whilst creating long-term, sustainable value for our shareholders.'

The IOR Annual Conference – a conference on-demand

Delegates to the IOR Annual Conference taking place from 21 to 22 April will get the chance to access the event live and all sessions and recordings for up six months afterwards providing fantastic value and allowing anyone registering for the event ...

  01-Apr-2021

'Hydrolution PRO' claims one of the industry's highest efficiency ratings

Mitsubishi Heavy Industries Air Conditioning Europe (MHIAE) has added a range of air-cooled heat pump chillers for the European market with the launch of Hydrolution PRO....

  23-Apr-2024

Extending the application range of the SEC HD - Electric Expansion Valve Controller Heavy Duty Series

The SEC-HD is now compatible with variety of applications using CO2, hydrocarbon, and HFC refrigerants. Users can select from a range of pressure transducers tailored to their specific application and market requirements.
  20-Feb-2024
https://www.acr-news.com/tesco-half-year-sales-increase