💰 3Q and Christmas Trading Statement 19/20 - Tesco PLC

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Strong food sales helped UK retailer Tesco record a small rise in sales in its core UK and Ireland business over Christmas despite a “subdued”.


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Retailer Tesco ground out a % rise in underlying sales in its home market during what it said was a "subdued" Christmas for consumer.


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Whilst the UK environment has clearly been challenging, the combination of our attractive customer offer and strong operational delivery enabled.


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Retailer Tesco ground out a % rise in underlying sales in its home market during what it said was a "subdued" Christmas for consumer.


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Whilst the UK environment has clearly been challenging, the combination of our attractive customer offer and strong operational delivery enabled.


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Tubes of sweets such as Rowntree's Fruit Pastels, Smarties and Milkybar buttons are the cheapest treats on offer in the Tesco sale. They now.


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Discover our range of personalised Christmas gifts this season for the perfect gift for friends and loved ones. Create something special and truly unique with.


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It was the final Christmas under the leadership of Tesco's boss Dave Lewis, who said the chain had "performed well" in a "subdued" UK market.


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Tesco says its Christmas ad campaign featuring a time-travelling van but of more importance is the rest of its marketing around its offer and.


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Retailer Tesco ground out a % rise in underlying sales in its home market during what it said was a "subdued" Christmas for consumer.


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Europe Further detail in Note 1. No decisions concerning the future of Tesco Thailand or Malaysia have been taken, and there can be no assurance that any transaction will be concluded. Millions of meals donated by kind-hearted Tesco shoppers this Christmas. On an underlying basis and taking account of the impact of our decision to exit the mortgage market in September, Tesco Bank sales grew by 0. In Asia, total sales were level at constant rates, as we continue to optimise the mix of our product ranges. Later this month, subscribers will also be able to apply for a Clubcard Plus credit card from Tesco Bank with no foreign exchange fees abroad 3. On 8 December we confirmed that, following inbound interest, we have commenced a review of the strategic options for our businesses in Thailand and Malaysia, including an evaluation of a possible sale of these businesses. Our overall sales performance in Central Europe reflects the ongoing significant transformation of our business, fundamentally changing our approach in Poland and re-sizing, simplifying and improving the relevance of our businesses in the Czech Republic, Hungary and Slovakia. We have continued to strengthen our offer for customers, including improved availability and a more compelling seasonal product offer. Whilst the UK environment has clearly been challenging, the combination of our attractive customer offer and strong operational delivery enabled us to outperform the market once again, following on from our strong performance last year. Previous Millions of meals donated by kind-hearted Tesco shoppers this Christmas.{/INSERTKEYS}{/PARAGRAPH} VAT, exc. Sales change at actual rates for week period: Group 1. As a result, this Christmas we had the biggest ever day of UK food sales in our history. Our headline sales performance for the UK as a whole included a c. Whilst the market was subdued, sales grew strongly across the week period, by 3. The customer reaction to the launch of Clubcard Plus in November has been very positive. Customer satisfaction with our shopping trip further improved and we saw our highest level of availability in six years. Our online grocery business delivered over 14 million orders across the 19 weeks, with an increase in both average basket size and customer satisfaction scores for the Christmas period. In our Centenary year, our customer proposition was compelling, our product offering very competitive and thanks to the outstanding contribution of our colleagues, our operational performance was the best of the last six years. A further announcement will be made if and when appropriate. The Good Food Project — teaching children the nutritional value of foods in Malaysia. Sales change shown at constant rates, unless otherwise stated. Over the Christmas period we outperformed the market in both volume and value terms 2 , with a strong performance in fresh food. The acquisition of the assets of Best Food Logistics is proceeding as planned and we anticipate completion in early March. Whilst the changes in Poland have had the most significant impact, our sales performance excluding Poland across the week period of 3. {PARAGRAPH}{INSERTKEYS}All sales shown on exc.