Tesco reported a 4.3% rise in sales excluding fuel to £66.6 billion and a 0.6% increase in adjusted operating profit to £3.15 billion, surpassing previous guidance. Statutory profit before tax grew 8.5% to £2.4 billion, while free cash flow rose 11.8% to £1.96 billion, beating forecasts. CEO Ken Murphy attributed growth to investments in lower prices and quality, boosting market share to its highest in over a decade. Tesco raised its medium-term cash flow target and expects adjusted operating profit of £3-3.3 billion for 2027, noting uncertainty from the Middle East conflict impacting energy and food costs.
UK retail sales showed improvement in June, driven by stronger demand for non-food items and increased online shopping. Analysts at Citi highlighted that retailers like Currys, Tesco, and Kingfisher are set to benefit from this trend, especially in e...
Tractor Supply Company, the largest rural lifestyle retailer in the U.S., has partnered with Instacart to offer same-day delivery from over 2,400 stores nationwide. Customers can now order a wide range of products including pet supplies, livestock fe...
