Tesco 13-week LFL Sales Up 1.8% - Quick Facts

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(RTTNews.com) - Tesco plc (TSCO.L, TSCDY.PK) reported that its Group like-for-like sales grew by 1.8% for the 13 weeks to 26 May 2018. Total sales at constant exchange rates were up 1.8%. At actual exchange rates, sales grew by 2.3% including a 0.5% positive foreign exchange translation effect. Like-for-like sales in the combined UK & ROI business grew by 3.5%.

Dave Lewis, Chief Executive, said: "Our growth plans are on track and we are pleased with the momentum in the business. We remain well-placed to serve our customers better and deliver on our medium-term financial ambitions. We are delighted with initial progress on Booker, and are focused on delivering the synergy benefits that our merger brings."

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Referenced Symbols: TSCDY ,

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