Tesco raises profit outlook after strong summer

Tesco lifts profit outlook after lowered prices boosts trading

The UK’s biggest supermarket reported an increase in sales over the first half of the year.Tesco has raised its annual earnings expectations as it sai ...

Tesco raises profit outlook after strong summer

Tesco has today raised its full-year profit forecast, saying it benefited from an unusually hot summer and won market share from rivals.

Tesco lifts profit forecast as summer, price cuts, Clubcard boost sales

Tesco expects higher profits thanks to price cuts - RetailDetail EU

After a strong first half of the year, Tesco is raising its profit forecast. Higher spending and a better-than-expected response to price cuts are giving the company more confidence.

Tesco ups FY guidance as market share rises

Tesco has raised its full-year profit outlook after reporting strong sales across the business in its half-year results, which have seen it increase its market share over the period.Group sales, excluding VAT and fuel, rose by 5.1% to £33.1bn. The supermarket also saw adjusted operating profit hit £1.67bn for the six months to 24 August, up by 1.6% at constant exchange rates.  In the UK and Ireland, adjusted operating profit rose by 2.1% to £1.4…