Morningstar

Tesco Sales Bolstered by Online Growth

Provided by Dow Jones Jun 18, 2026, 6:43:00 AM

By Aimee Look

U.K. grocer Tesco booked a rise in like-for-like sales in its first fiscal quarter, bolstered by growth in its online channels.

The supermarket posted 16.83 billion pounds ($22.37 billion) in group sales excluding value-added tax and fuel for the 13 weeks through May 30, up 1% on a like-for-like basis from the same period a year earlier.

In the U.K., like-for-like sales rose 1.8%, while in Central Europe, sales ticked 0.8% higher on-year.

The company reported online growth of 8.9% in the U.K and of 17% in Central Europe.

Tesco previously broadened its guidance for the fiscal year, citing uncertainty from the conflict in the Middle East. Stripping out exceptional and one-offs, adjusted operating profit is expected at between 3 billion and 3.3 billion pounds for the fiscal 2027 year compared with the 3.19 billion pounds is reported for the 53 weeks ending Feb. 28.

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

(END) Dow Jones Newswires

June 18, 2026 02:43 ET (06:43 GMT)

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