Tesco: raises annual targets

(CercleFinance.com) - In a trading update Tesco has announced that it is raising its annual targets as the retailer believes that continued investment across its customer offer has resulted in a better-than-expected trading performance.


The British retailer announces retail sales growth of 6.6% for Q3 (ended 25 November), and 6% LFL over the Christmas period (ended 6 January), excluding VAT and petrol.

As a result, Tesco now expects full-year adjusted operating profit of around £2.75bn, above its previous guidance range of £2.6bn to £2.7bn.


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