Tesco reports increase in sales and profits

Yorkshire Post

Tesco said shoppers have been buying more items this year and picking up its premium range, as it reported an increase in sales and profits. The UK’s largest supermarket said sales grew by 4 per cent to £31.5bn over the 26 weeks to August 24, compared with the same period last year. It also revealed a nearly 15 per cent increase in the volume of sales of its “Tesco Finest” premium range, compared with the same period last year.

Transcript

00:00Hello, my name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post and here are your business headlines for today.

00:08Tesco has reported an increase in sales and profits.

00:14Tesco said sales grew by 4% to £31.5 billion of the 26 weeks to August 24th, compared with the same time last year.

00:26Tesco has lowered prices across its everyday grocery lines as inflation continues to ease.

00:33It also revealed a nearly 15% increase in the volume of sales of its Tesco Finest range compared with the same time last year.

00:44It's an update this morning from Tesco which has reported an increase in sales and profits.

00:51My name is Greg Wright, I'm the Deputy Business Editor of the Yorkshire Post.

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