""The steps we have taken to keep prices down for customers have improved our price position relative to the market. "Competitive intensity remains high and with continued pressure on household budgets,, we remain committed to ensuring customers get the best possible value by shopping at Tesco.""
"Tesco reported a rise in sales in the first half of the year and UK sales rose by 4.9% and adjusted operating profit increased by 1.6% 60 £1.67 billion in the first half of the year."
"The UK's largest supermarket are now expecting underlying earnings for the full year between £2.9 billion and £3.1 billion compared to the previous guidance range between £2.7 billion and £3 billion."
Tesco reported a rise in sales in the first half of the year, with UK sales up 4.9%. Adjusted operating profit increased by 1.6% to £1.67 billion in the first half. Full-year underlying earnings are now expected between £2.9 billion and £3.1 billion, up from the previous guidance of £2.7 billion to £3.0 billion. Good weather and efforts to keep prices down helped boost profits. Steps taken to keep prices down have improved Tesco's price position relative to the market. Competitive intensity remains high and household budgets continue to face pressure. Tesco is committed to delivering value to customers.
Read at London Business News | Londonlovesbusiness.com
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