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Tesco Q3 UK same-store sales rise to 5.6 pc

Written by: Staff
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London, Dec 5: Britain's biggest retailer, Tesco Plc, metforecasts on Tuesday with a 5.6 percent rise in third-quarterlike-for-like sales in its core UK market, excluding fuel.

The supermarket group said group sales rose 9.6 percent in the 13 weeks to Nov. 25, or 10.3 percent excluding fuel.

International sales were up 17.9 percent at constant exchange rates.

Strategy and Finance Director Andrew Higginson said Tesco was''looking good'' moving into the final four weeks of crucial Christmastrading.

''There's all to play for, but so far so good, we are looking forward to having a good Christmas,'' he said.

The average forecast was for a 5.7 percent rise in UKlike-for-like sales excluding fuel, within a range of 5 percent to 7percent, according to a Reuters poll of 12 analysts.

Reuters

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