Tesco Set to Lift Profit Outlook after Strong Summer Sales
Tesco, Britain's biggest supermarket group, reports first half results on Thursday, with analysts anticipating an upgrade to full-year profit guidance on the back of strong spending on food over an unusually hot summer.
Industry data published by Worldpanel by Numerator (formerly Kantar) earlier this month showed Tesco winning more market share than any other UK grocer.
The data showed Tesco's sales rose 7.7% over the 12 weeks to September 7, its highest rate since December 2023, giving it a market share of 28.4%, up 0.8 percentage...
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