Strong Group Sales and Market Share Growth
Group sales grew by 5.1% with a 4.3% increase in like-for-like sales. The company achieved market share gains, maintaining its leadership position, especially in the UK and Ireland, where sales grew by 5.6%.
Record Net Promoter Score
Tesco's Net Promoter Score reached its highest level in 6 years, reflecting increased customer satisfaction and brand perception.
Successful Product Innovation
The launch of 470 new products, including a successful Finest range which grew over 16% year-on-year, contributed to strong sales performance.
Improved Online and Convenience Sales
Online sales grew by 11.4%, with 112 basis points of market share gain, and Tesco Whoosh saw a 60% growth. Convenience sales also increased by 1.4%.
Employee and Community Investments
Above-inflation pay increase of 5.2% for employees and significant investments in community initiatives, such as the Fruit & Veg for Schools program, which distributed over 10.8 million portions.
Updated Profit Guidance
Full-year group adjusted operating profit guidance increased to between GBP 2.9 billion and GBP 3.1 billion.