Tesco hails record Christmas after reaching highest market share since 2016
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Tesco PLC reported record Christmas sales, achieving its highest market share since 2016. The company maintained its full-year profit and cashflow targets, with like-for-like sales increasing by 3.8% across the UK, Ireland, Central Europe, and its Booker wholesale arm.
January 09, 2025 | 8:00 am
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Tesco PLC reported record Christmas sales, maintaining its full-year profit and cashflow targets. Like-for-like sales increased by 3.8%, indicating strong performance across various regions.
The record Christmas sales and maintained profit targets suggest a strong performance for Tesco, likely boosting investor confidence and positively impacting the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 80
RELEVANCE 90