Tesco (TSCO.L,TSCDY.PK) reported that its third quarter retail like-for-like sales exc. VAT, exc. Fuel, was up 2.8%. The third quarter covers the 13 weeks to 23 November 2024. Retail like-for-like sales exc. VAT, exc. Fuel was up 3.8% for Christmas, which covers the 6 weeks to 4 January 2025. For the 19 week period, retail like-for-like sales exc. VAT, exc. Fuel was up 3.1%.
Tesco continues to expect to deliver retail adjusted operating profit for 2024/25 year of around 2.9 billion pounds, in line with the upgraded guidance. The Group continues to expect retail free cash flow within medium-term guidance range of 1.4 billion pounds-1.8 billion pounds.
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May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.