Tesco (TSCDY.PK,TSCO.L) reported that its Group Like-for-like sales, exc. VAT, exc. Fuel, was up 3.1% for the 13 weeks to 22 November 2025. Like-for-like sales, exc. VAT, exc. Fuel, rose 2.4% for the 6 weeks to 3 January 2026. Like-for-like sales, exc. VAT, exc. Fuel, increased 2.9% for the 19 week period.
Tesco now expects to deliver fiscal 25/26 Group adjusted operating profit at the upper end of 2.9 billion pounds to 3.1 billion pounds guidance range. The Group continues to expect free cash flow within medium-term guidance range of 1.4 billion pounds to 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.