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14/06/2002
Tesco reveal three-month sales rise
Leading UK supermarket chain Tesco has revealed an 11% rise in sales in the three months to mid-May.
The company saw its profits shoot up by 14% to over £1 billion in its last financial year and said recent growth had been driven by a mix of strong performance in the UK core operations and increasing sales of non-food items.
Tesco's total UK sales were up 7.4% in the twelve weeks to May 18, while same store sales were up 4.5% on a year ago.
The figures will be welcome news for the supermarket group as it has plans to open over 3.5 million square feet of store space this year.
International expansion plans also mean the firm should have as much space overseas as in the UK by the end of next year.
(MB)
The company saw its profits shoot up by 14% to over £1 billion in its last financial year and said recent growth had been driven by a mix of strong performance in the UK core operations and increasing sales of non-food items.
Tesco's total UK sales were up 7.4% in the twelve weeks to May 18, while same store sales were up 4.5% on a year ago.
The figures will be welcome news for the supermarket group as it has plans to open over 3.5 million square feet of store space this year.
International expansion plans also mean the firm should have as much space overseas as in the UK by the end of next year.
(MB)
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Tesco remains strong despite tough market
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CBI survey reveals shop sales remain strong
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CBI survey reveals shop sales remain strong
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Tesco unveils massive profits
Britain's leading supermarket chain, Tesco, has unveiled profits of £2.2 billion for the past year. The profits increase represents a rise of nearly 17% on the previous year's figures. The supermarket chain's latest figures showed a 13.2% increase in group sales over the last year. Both international and UK sales increased - by 23% and 10.
Tesco unveils massive profits
Britain's leading supermarket chain, Tesco, has unveiled profits of £2.2 billion for the past year. The profits increase represents a rise of nearly 17% on the previous year's figures. The supermarket chain's latest figures showed a 13.2% increase in group sales over the last year. Both international and UK sales increased - by 23% and 10.
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