14th January 2016
Embattled supermarket giant Tesco enjoyed a “strong” Christmas trading period with UK like for like sales rising by 1.3% in the six weeks ending 9 January.
In addition, total group sales jumped by 2.1% for the period.
However the retailer’s announcement was dampened by the fact that its sales for the 13 weeks ending 28 November dropped by 1.5%.
Dave Lewis, Tesco’s chief executive said: “Our Christmas performance was strong, benefiting from lower prices on an outstanding range of products.
“Our customer service improved materially and our colleagues went the extra mile. Put simply, we put customers at the heart of everything we did and they responded by buying more of what they needed at Tesco. “
Lewis added that international sales have also continued to strengthen, driven by “improvements across the offer”.
“We continued our strong positive sales momentum in both Europe and Asia, with our Thai business reaching its highest ever market share.”
“There is plenty more to do, but we are making good progress and are trading in line with profit expectations for the full year.”
Following the announcement of its latest market update on Thursday, by 9:06am the group’s shares had risen by 4% or 6.75p to 165.05p.