Tesco’s Sales Surge: Fresh Groceries & Strong Demand
Fresh numbers on the 13‑week haul
In the 13 weeks up to May 25, Tesco’s sales jumped 3.4 % to a whopping £15.3 billion, beating the same period last year.
Why shoppers are filling their baskets
- Fresh produce is flying off the shelves – a 5 % lift in food sales shows customers can’t get enough of ripe apples and crunchy carrots.
- Even the Finest range is on fire. Despite the cost‑of‑living squeeze, premium products are still pulling customers in.
CEO Ken Murphy on the momentum
“We’re riding a wave of growth across the UK, the Republic of Ireland and Central Europe,” Ken Murphy says, crediting easing inflation for a boost in volume.
“Our market share is the biggest it’s been in the last two years – shoppers are switching to Tesco, dropping in more often, and putting more in their carts.”
Wealth Club’s take‑away
Charlie Huggins, Manager of the Quality Shares Portfolio, calls this “another solid trading update.” He adds that volume growth, not just price hikes, is the new trick to win hearts in a food‑inflation‑free world.
- Lowered prices and a better quality range have won over UK shoppers.
- With food inflation calm, supermarkets can’t lean on price bumps to lift sales – Tesco’s tackling this head‑on through clear value.
- Potential interest‑rate cuts could give consumers an extra nudge of confidence.
Down the road: competition and the political climate
Even as Aldi and Lidl keep their expansion engines firing, Tesco remains in the strongest position in many years. It’s gearing up for the summer rush with a full‑tilt confidence strategy, even as the election looms.
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