Morningstar

Tesco Says It Expects to Hit Higher End of Profit Target

Provided by Dow Jones Jan 8, 2026, 8:07:00 AM

By Aimee Look

Tesco said it expects to land in the higher end of its profit guidance for fiscal 2026, after reporting a rise in sales for the third quarter and Christmas period.

The U.K. supermarket chain said on Thursday that it expects to hit the higher end of its previously guided range, between 2.9 billion pounds and 3.1 billion pounds ($3.90 billion- $4.17 billion) in group adjusted operating profit for the fiscal year ending February. The metric removes exceptional and other one-off items.

The company said like-for-like group sales excluding fuel increased 2.9% on year for the 19 weeks ending Jan. 3. The metric increased 3.1% for the third quarter, and rose 2.4% over the Christmas period.

For the U.K., like-for-like sales increased 3.7% for the 19 weeks, it said.

Write to Aimee Look at aimee.look@wsj.com

(END) Dow Jones Newswires

January 08, 2026 03:07 ET (08:07 GMT)

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