Tesco lifts profit guidance after strong festive sales
Evening Standard|January 11, 2024
TESCO got one over on arch rival Sainsbury's today, lifting its profit guidance for the year after a bumper Christmas.
Tesco lifts profit guidance after strong festive sales

Sainsbury's yesterday also reported strong festive sales, but disappointed the City by saying profits will be between the £670 million and £700 million range previously announced. Low sales in general merchandise also led to the shares taking a hit.

Today Tesco upped its own profit guidance to £2.75 billion, solidifying its position as the UK's leading grocer with by far the largest market share.

More colleagues on the shop floor and a full Christmas dinner for just £2.09 each helped Tesco to a strong festive trading period according to chief executive Ken Murphy.

هذه القصة مأخوذة من طبعة January 11, 2024 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

هذه القصة مأخوذة من طبعة January 11, 2024 من Evening Standard.

ابدأ النسخة التجريبية المجانية من Magzter GOLD لمدة 7 أيام للوصول إلى آلاف القصص المتميزة المنسقة وأكثر من 9,000 مجلة وصحيفة.

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